70% NAP Tax Credits Awarded to Build Home 5

DED awards $331,600 in NAP tax credits to Coyote Hill Foster Care Ministries Christian Children’s Home

Release Date: 10/11/2011
Contact: John Fougere, (573) 522-5058

HARRISBURG – The Missouri Department of Economic Development (DED) today announced that a Harrisburg not-for-profit organization has been approved for state tax credits under the Neighborhood Assistance Program (NAP).

Coyote Hill Foster Care Ministries Christian Children’s Home has been approved for $331,600 in tax credits. Coyote Hill Foster Care Ministries will utilize NAP donations for the construction of a new children’s home that will provide abused and neglected youth a safe living environment. Upon completion, this facility will accommodate up to eight children daily and allow the agency to provide educational, rehabilitative, and counseling services to an increased number of at-risk Missouri children.

The DED administers the Neighborhood Assistance Program that helps not-for-profit organizations raise private-sector funds by providing partial state tax credits to businesses that make contributions to approved community improvement projects.

Businesses can donate cash, materials, supplies or equipment; technical assistance and professional services; labor; real estate; or stocks and bonds. Credits can equal up to 50 percent of the total amount contributed or up to 70 percent for projects located in most rural areas.

Not-for-profit organizations participating in the NAP program conduct capital campaigns or provide services in the areas of crime prevention, education, job training, physical revitalizations, or community services. The Neighborhood Assistance Program is utilized by not-for-profit organizations throughout Missouri to make their communities a more desirable place to live and work, as well as pave the way for economic development.

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