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Five nonprofit projects seek state Neighborhood Assistance tax credits during city hearing
Summary
At a public hearing the city considered five applications for the Connecticut Neighborhood Assistance Act tax credit program; staff explained the city’s pass‑through role and noted the state decides whether projects qualify for a 100% energy credit or 60% social‑service credit. Council referred final administrative review to the finance committee before state submission.
The City of New London held a public hearing on May 18 for five nonprofit applications to the Connecticut Neighborhood Assistance Act program, a state tax‑credit mechanism that encourages business donations to community projects.
Tammy Doherty of the Office of Development and Planning explained the program and the city’s role as a pass‑through: organizations apply locally and the city conducts a public process before forwarding applications to the Connecticut Department of Revenue Services; the state ultimately classifies projects and determines whether they qualify for a 100% tax credit (energy conservation or certain college‑access loan programs) or a 60% credit for social‑service programs.
Presenters and projects included Safe Futures (energy‑efficient appliances and a commercial stove request for transitional and emergency shelters), Covenant Shelter (housing navigation and stabilization), Guard Arts Center (energy conservation infrastructure), Hope Inc. (rehabilitation of an abandoned building), and the Eastern Connecticut Chamber of Commerce Foundation (energy conservation work at a regional innovation center). Applicants described intended uses, beneficiary counts and expected energy or social‑service outcomes.
Councilors agreed to place the administrative next step with the finance committee to ensure the municipality meets DRS deadlines (staff cited a July 1 submission window on the state site). Councilors noted the city does not administer the business‑nonprofit relationships required by the program; nonprofits must secure business donors to receive the tax credits through the state process.
The council’s referral preserves the projects’ eligibility while allowing finance committee review of any municipal administrative requirements before final submission to the state.
