DCED Announces Tax Credits for Flood Relief Efforts

HARRISBURG – The Department of Community and Economic Development (DCED) has announced that area businesses throughout the 23rd Senate District will receive Neighborhood Assistance Program tax credits for their financial contributions supporting the flood relief efforts, according to Senator Gene Yaw (R-23).

Local businesses that contributed to the flood relief effort will receive a tax credit through the Neighborhood Assistance Program Special Program Priorities (NAP-SPP) – a program designed to support distressed areas and support neighborhood conservation. The program provides tax credits of up to 75 percent of approved projects, with an annual limit of $500,000.

“Area businesses throughout my Senate District have stepped up to the plate to help their local communities recover from the flood devastation,” according to Yaw. “I am very pleased to see their contributions be recognized.”

Below are the donations received by each organization and a description of how the funds will be used to help the flood relief effort. (Information provided by DCED)

Lycoming-Clinton Counties Commission for Community Action (STEP), Inc. will receive from local businesses $283,000 in funding to create The Homes In Need – Flood Recovery Program. The program will assist flood victims with mechanical, electrical, shell, or heating system repairs in order to make their homes habitable. This assistance will supplement the repair costs that FEMA and private insurance companies are providing and is expected to assist a minimum of 18 homeowners.

The local businesses that contributed to STEP and will receive NAP SPP tax credits include: Beiter’s Home Center, Blaise Alexander Family Dealerships, Frey’s Commissary, Infinity, Jersey Shore State Bank, Keystone Insurers Group – Sims Insurance Agency, Larson Design Group, M&T Bank and Woodlands Bank.

Trehab, Inc. will receive from local businesses $115,000 toward helping displaced residents locate affordable housing. Trehab will also utilize some of the available funding to provide minor repairs to flood damaged homes. The remaining funding will be used for rental assistance, including funding for a security deposit and first month’s rent, and utility assistance equivalent to a single delivery of 150 gallons of fuel or assistance with other utility bills. Trehab will also work with displaced residents to explore additional forms of assistance in conjunction with its program.

The local businesses that contributed to Trehab and will receive NAP SPP tax credits include: Chesapeake Energy, Pennstar Bank and People’s Neighborhood Bank.

Contact: Rita Zielonis
(717) 787-3280