NH Community Development Finance Authority Award

Periodically, the New Hampshire Community Development Finance Authority allocates tax credits to eligible nonprofits around the state. These allocations are awarded and must be sold by the selected nonprofit so they may be claimed. A percentage of the credits sold are returned to the NH CDFA to support their operations while a percentage is returned to the awarded nonprofit.

How it typically benefits the business that purchases the credits:

• Businesses that purchase credits are eligible to get 75% of that contribution back in the form of a reduction of State of NH Business Profits Tax, Business Enterprise Tax, and Insurance Tax
• In addition, because SEDC is a 501(c)(3) non-profit organization, you business may be eligible for a federal charitable deduction as it would also count as a donation to a charity
• The average return to a business of a tax swap is around 90%
• The credit may be carried forward for up to 5 years
• For banks, the purchase qualifies as a Community Reinvestment Act (CRA) credit

Additionally, SEDC publicizes who is partnering with use to push the region forward. We do this by sending out PR articles to the local newspapers and by posting our partners on our website.

Read Award

BUY NOW

Thank you to our 2019 Tax Credit Program Supporters!
​
If you are interested in learning more or purchasing credits for 2020, please contact us. You may purchase our allocated credits directly from the CDFA as well by clicking on the "Buy Now" button. We thank you for your support in this venture. 

A purchase of tax credits will support our operations, supporting our mission and capacity to impact job creation and retention in the Strafford County region. Your support is welcome and greatly appreciated.

Thank you!