The Morgantown Community Resources Inc. (MCRI) is proud to have received $10,000 in Neighborhood Investment Program (NIP) Tax credits.  Donations to access the WV tax credits will help to ensure food security, shelter, health, and financial dignity for the residents of Monongalia County and surrounding counties by fostering a synergetic, inclusive, and positive environment .  MCRI owns and manages Hazel’s House of Hope that is home to 7 social services agencies that provide resources to our most vulnerable population.  More information about donations can be obtained from Terri Cutright at territrc@gmail.com or 303-276-8046.

The Neighborhood Investment Program (NIP) is a tax credit program of $3 million each year, which allows 501(c)3 designated charitable organizations to apply for tax credit vouchers, which began in 1996 with $2 million. When awarded, the organization can distribute the vouchers to business and individuals who contribute a minimum of $500 to organizations, receiving up to 50% in tax credit, allowing the donor or corporation to reduce their West Virginia tax liability no more than 50%. The organizations pay a 3% fee on the donation, which offsets the administrative costs of NIP. During this time, approximately 63,387 donations from individuals and businesses have been received.