For four decades, Habitat for Humanity has helped 6.8 million people improve their living conditions by building or renovating simple, decent houses in partnership with those in need. This includes more than 2,500 individuals served by Habitat who have a safe place to fall asleep each night in Denver. While we celebrate and reflect on this progress, we know that our work in not nearly finished.
Homeownership Development Tax Credit - HB 18-1195
HB 18-1195 sponsored by Representative Dan Pabon, Representative Lois Landgraf, Senator Jack Tate, Senator Bob Gardner, and Senator Ray Scott provides a powerful solution by giving more Coloradans the opportunity to own a home. The Homeownership Development Tax Credit leverages private funding to build affordable homes throughout Colorado by incentivizing philanthropic contributions to nonprofit developers building affordable for-sale homes.
How it Works
- A taxpayer is eligible for a 50% tax credit after making an eligible contribution to an approved developer.
- An approved developer is a non-profit organization that develops housing to be sold to buyers whose median income is 120% or less of the area median income.