|Posted:||April 6, 2020 11:47 AM|
|From:||Representative Peter Schweyer|
|To:||All House members|
|Subject:||Neighborhood Assistance Program - Increase|
|We are in unprecedented times. The people of Pennsylvania must come together and find new ways to help their communities. Whether it be at the highest level as a Federal stimulus plan, or as local as offering to shop for groceries for an elderly neighbor, we’re all going to have to be creative and pitch in. As state representatives, we’re in a particularly unique position to identify existing programs that not only work but could deliver quick and impactful relief where we need it most.
The Neighborhood Assistance Program (NAP) has long been recognized as one of the most successful tax credit programs. Year after year, the program is forced to turn eligible applicants away because the millions of dollars available get dedicated right away. The NAP recently got increased from $18 million to $36 million and the program still isn’t funded enough to provide credits to all the worthy programs that apply.
My legislation will provide an additional $10 million in NAP tax credits, dedicated exclusively to “Public Health Concerns”. This idea started before the global pandemic in hopes of better combating the opioid epidemic, but it could have already been in place to prop up programs that would’ve transitioned during this time to address COVID-19.
I have seen these programs at work in my district in Allentown. NAPs (along with Special Program Priorities, Neighborhood Partnership, and the Charitable Food Program) are excellent public-private partnerships that incentivize corporate investment in community rebuilding projects. I encourage everyone to join me in supporting this crucial legislation as we all move forward together.
Introduced as HB2523