Habitat for Humanity of Northwest Indiana is proud to announce the introduction of Indiana’s Attainable Homeownership Tax Credit, aimed at empowering community members to invest in housing solutions that bring stability and opportunity to working families. This innovative tax credit enables donors to double the impact of their contributions, fostering safe, quality homes for families striving to achieve homeownership.
Contributions made to Habitat for Humanity of Indiana—including Habitat for Humanity of Northwest Indiana—are eligible for a tax credit equal to 50% of the donation’s value, tax credits being capped at $10,000 per donor each year. This program offers a unique opportunity for residents and businesses to support the mission of Habitat while gaining significant tax savings.
“This tax credit is a game-changer for the families we serve,” said Dawn Michaels, Executive Director for Habitat for Humanity of Northwest Indiana. “Every contribution helps build more homes and strengthens our local community. Especially as 2024 draws to a close, we urge taxpayers to consider making their charitable contributions soon to take full advantage of Indiana’s Attainable Homeownership Tax Credit. With a finite amount of tax credits available, early donations ensure that contributors secure this substantial tax benefit while supporting local families on their path to homeownership.”
Key Details of the Attainable Homeownership Tax Credit:
Who is Eligible: The tax credit is available to all Indiana state taxpayers, including individuals, small businesses, corporations and financial institutions.
Types of Donations: Contributions can be made via cash, check, credit card, stocks, bonds, land, real estate and even in-kind contributions of construction material (must be used in home building).
Tax Benefit: Donors receive a 50% tax credit on their Indiana state taxes, meaning a $2,000 donation results in a $1,000 tax credit.
Carry Forward Option: Unused credits can be carried forward for up to five years, providing flexibility for donors to maximize their support.
Donations directed to Habitat for Humanity of Indiana benefit Habitat for Humanity of Northwest Indiana directly, ensuring that every dollar raised supports local efforts to build strength, stability, and self-reliance through homeownership. Those interested in learning more or donating can visit Habitat for Humanity of Northwest Indiana’s website at nwihabitat.org/tax-credit-program.html or call (219) 237-2128.
