A gift that impacts lives in the future… a tax break today.
Habitat for Humanity Grey Bruce helps families build and buy simple, decent and affordable homes through a no-interest mortgage with payments set at 25 percent of gross household income. This solution not only helps provide housing for families in need, it enables low and middle-income families to build assets, reduce their dependence on social assistance and break the cycle of poverty – giving families a Hand Up, not a Hand Out.
Acquiring suitable land on which to build houses is one of the greatest needs Habitat has in accomplishing its mission: to mobilize volunteers and community partners in building affordable housing and promoting homeownership as a means to breaking the cycle of poverty.
Ideally, we would like to acquire land that is zoned residential and is build ready. However, we will consider any piece of property that would be a good location for a family to live. We have experience working with municipalities regarding zoning, severances and property requiring remediation. We’ll consider any property as long as the costs to develop are what Habitat can afford.
What are the tax benefits?
Donors receive a tax receipt for the full value of their property that can be applied against their net annual income. Landowners who wish to sell their property below market value may also be eligible to receive a tax receipt in the amount of the difference between the selling price and the fair market value of the property.
Tax receipts can be used to calculate a non-refundable tax credit. Any unused portion of the receipt may be carried forward for up to five years.
To receive additional information or to make an offer of a land donation to Habitat, please contact:
John McLachlan, Partnerships Coordinator, (519) 371-6776
or email firstname.lastname@example.org.
We rely on the generosity of people, businesses and foundations to help us with our work building homes for families in need. Donations of money, construction materials, land or services not only help build houses today, but also in the future.
Partner families buy their homes at Fair Market Value from Habitat and their monthly mortgage payments go into a revolving fund. This fund is reinvested into the community, as it is used to build more homes for low-income families in need.