City of Ledyard CT header
File #: 23-1729    Version: Name:
Type: Financial Business Request (FBR) Status: Agenda Ready
File created: 5/31/2023 In control: Town Council
On agenda: 6/28/2023 Final action: 6/14/2023
Title: Town of Ledyard Public Hearing Legal Notice - Neighborhood Assistance Act - Habitat for Humanity.
Attachments: 1. PUB HEAR-LEGAL NOTICE-2023-06-28-NAA Project-Habitat for Humanity .pdf, 2. Neighborhood Assistance Act Form NA-01- Habitat for Humanity-2023-06-07.pdf, 3. Neighborhood Assistance Act-42 Laurel Leaf-2-20-06-07.pdf
FINANCIAL BUSINESS REQUEST (FBR)

Motion/Request:
title
Town of Ledyard Public Hearing Legal Notice - Neighborhood Assistance Act - Habitat for Humanity.

end

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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