Tax Credit Program
Redirect your business taxes to keep local families safe at home.
Greater Nashua Habitat for Humanity has been awarded $150,000 in New Hampshire Community Development Finance Authority (CDFA) Tax Credits to support our Home Repair Program. This program helps low-income homeowners — including seniors, veterans and people with disabilities — stay safely in their homes through critical repairs. By purchasing these tax credits, your business can direct a portion of the state business taxes you already owe to fund these repairs at little or no net cost.
Greater Nashua Habitat for Humanity has been awarded $150,000 in New Hampshire CDFA Tax Credits. This program allows businesses that pay New Hampshire business taxes to direct a portion of the taxes they already owe to support our affordable housing projects. In return, the business receives a dollar-for-dollar credit on its NH Business Profits, Business Enterprise, or Insurance Premium taxes (with up to a five-year carry-forward), and may also be eligible for a federal charitable deduction. It’s a simple, powerful way to invest in safe, affordable home repairs for local families living in unsafe conditions— at no additional net cost to your business.
Greater Nashua Habitat for Humanity — CDFA Tax Credit FAQ
What is the purpose of this program?
New Hampshire created the CDFA Tax Credit Program to encourage businesses to invest in local community projects. By donating to Greater Nashua Habitat for Humanity’s Home Repair Program, businesses can redirect part of the state taxes they already owe to keep low-income homeowners — including seniors, veterans and individuals with disabilities — safe in their homes.
Which taxes can my business apply credits toward?
Credits can be applied against your New Hampshire Business Profits Tax (BPT), Business Enterprise Tax (BET) or Insurance Premium Tax (IPT).
Do I have to use the entire credit in one year?
No. Your business can carry forward any unused credits for up to five years.
Is there a limit on the amount of credits?
Yes. A business can claim up to $1 million in CDFA tax credits in one fiscal year.
Is my contribution also a federal charitable deduction?
After CDFA receives your donation, it will send you a federal charitable contribution letter. Your accountant can advise on eligibility for the federal deduction.
Can we donate stock or securities instead of cash?
Yes. CDFA accepts stock and securities, valued based on net proceeds when sold.
We’re based outside New Hampshire — can we still participate?
Yes. Any business with employees in New Hampshire (and therefore paying the Business Enterprise Tax) can take advantage of the program.
Please Contact Executive Director, Christa Tsechrintzis for Property / Real Estate information. Call
603-883-0295 ext.
11 or complete the form below. We will be happy to discuss this with you and answer any questions.