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2022/2023 NAP Credits

The Old Northside Foundation received Neighborhood Assistance Program (NAP) tax credits from the Indiana Housing and Community Development Authority (IHCDA) in the amount of $7,513.00, meaning a total fundraising of $15,026.00 if all credits are sold. The sale of all tax credits will close March 31, 2023, the board of the Old Northside Foundation would like to invite you to join in to help raise the funds for this years projects! The NAP tax credits help the Foundation raise money for certain neighborhood projects and improvements. The funds received pursuant to this year’s award will be used for improvements to the neighborhood parks, planned improvements include new fencing, and rubber playground tiles.

How Nap Credits work?

These tax credits are distributed to donors at 50% of the contribution amount and are subtracted from a donor's state income tax liability. For example, if a donor were to make a $500 donation to the Foundation, the donor would then receive $250 in state tax credits, which amount to a dollar for dollar reduction to the donor’s state tax liability. There is a minimum donation requirements of $100.

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