The state of Indiana has introduced the Attainable Homeownership Tax Credit to support affordable housing through Habitat for Humanity. This initiative allows donors to receive a 50% tax credit for donations up to $20,000, encouraging individuals and businesses to invest in local communities such as Clark and Floyd. The tax credit aims to address the affordable housing crisis by providing financial incentives for donors and benefits for program participants.
Habitat for Humanity is fully donor-funded, relying on volunteers to help build homes for those in need. The tax credit will allow Habitat to continue building homes valued at up to $250,000 and sell them at cost to program participants. Tommy Robinson, a beneficiary of Habitat’s program, highlighted how the opportunity changed her life, providing stability and a sense of ownership.
This tax credit, capped at $4 million annually, will renew over the next three years, with Habitat Clark-Floyd receiving $175,000 in the first year. The distribution of tax dollars is based on each organization’s production the year prior, incentivizing more construction to address the housing crisis. Overall, this initiative represents a significant step towards addressing affordable housing in Indiana by leveraging state tax dollars to support Habitat for Humanity’s mission.
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