FINANCIAL BUSINESS REQUEST (FBR)
Motion/Request:
title
Town of Ledyard Public Hearing Legal Notice - Neighborhood Assistance Act - Habitat for Humanity.
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Legal Notice:
TOWN OF LEDYARD NOTICE OF PUBLIC HEARING - The Ledyard Town Council will conduct a Hybrid Format Public Hearing (In-Person & Video Conference) on Wednesday, June 28, 2023 at 6:30 p.m. to receive comments/recommendations for Neighborhood Assistance Act (NAA) tax credits eligibility - Habitat for Humanity of Eastern Connecticut - full rehabilitation of a single-family split-level home at 42 Laurel Leaf Drive, Gales Ferry, CT. Total cost $143,752.08 with $20,000 requested in accordance with Neighborhood Assistance Act (NAA) eligibility. Attend In-person: Council Chambers, Town Hall Annex Building 741 Colonel Ledyard Highway, Ledyard, Connecticut. Join Via Zoom Video Conference: at: https://us06web.zoom.us/j/88981630208?pwd=Q0EvL0JXM2lOUEFWaUtVN0srZWdHZz09;
Audio only dial: +1 646 558 8656 Meeting ID: 889 8163 0208; Passcode: 907963. Interested persons may submit written communications to towncouncil@ledyardct.org. Dated at Ledyard, Connecticut this 15th day of June, 2023. For the Ledyard Town Council, s/s Kevin J. Dombrowski, Chairman
Please Publish on Monday, June 19, 2023
Background:
The State Department of Revenue Services in conjunction with large corporations developed the Neighborhood Assistance Act (NAA) which provides a tax credit to businesses that make donations to nonprofits for projects approved by their local governments.
The NAA is not a grant program, it is a "corporation donation" initiative in which corporations could partner with non-profit organizations to sponsor or make donations toward an approved project for which they would receive a tax credit.
The Habitat for Humanity project presented would support a full rehabilitation of a single-family split-level home located at 42 Laurel Leaf Drive, Gales Ferry.
For the Non-Profit Organization (Habitat for Humanity) to be...
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