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Boscola Announces State Investment for Neighborhood Assistance Projects
On December 17, 2018 ·
BETHLEHEM (Dec 17) – State Senator Lisa Boscola announced today that 7 community revitalization projects in the 18th Senatorial District have been approved for $995,000 in tax credits through the Neighborhood Assistance Program.
“The Neighborhood Assistance Program is a key community development tool that is designed to support projects in distressed areas that require financial assistance to make them economically viable and will have a positive impact on revitalizing local communities,” Boscola stated.
The seven projects approved for the tax credits are:
- Community Action Development Corporation of Bethlehem ($160,000) – Southside Vision 20/20 project.
- Greater Easton Development Partnership ($160,000) – Implement Elm Street Model Approach to improve social and economic viability and quality of life for West Ward Neighborhood.
- Hispanic Center Lehigh Valley ($75,000) – Community Empowerment Initiatives.
- ArtsQuest Bethlehem ($150,000) – Redevelopment and expansion of the current Banana Factory Facility.
- Sycamore Hill Farm Development ($150,000) – Restoration and improvement of the former South Bethlehem Supply Company into mixed-use commercial space.
- Heritage Riverview, LP ($150,000) – Renovation and expansion of old Heritage Lanes bowling alley.
- Triple Net Investments XII, LP ($150,000) – Development of 180,000 square foot production and warehouse facility in LVIP 7.
Administered through the PA Department of Community and Economic Development, the goals of the Neighborhood Assistance Program are to promote community participation and collaborations among nonprofits, businesses and residents while producing outcomes which assist a distressed area or the low income population in a neighborhood.
The Neighborhood Assistance Program has five main components: the Neighborhood Assistance Program (NAP), Special Program Priorities (SPP), the Neighborhood Partnership Program (NPP), the Charitable Food Program (CFP), and the Enterprise Zone Program (EZP).
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