Donate Property
Donate land or property to help families achieve strength, stability and self-reliance
With the rising costs of real estate and land pricing continually on the rise in DuPage County and Chicago South Suburbs, DuPage and Chicago South Suburbs Habitat is looking for corporations, individuals and families who would be willing to donate land to build a Habitat home. Contact us today and help us change the lives of families in need of a safe and decent place to live!
Benefits from donating a house to Habitat
In addition to freeing you from the costs and responsibilities of ownership, making an outright gift of property that you’ve owned for more than a year offers these benefits:
- You obtain a one-time tax credit on their Illinois state income tax equal to 50 percent of the value of the donation as part of the IL Affordable Housing Tax Credit
- You obtain an income tax charitable deduction equal to the property’s full fair market value. This deduction reduces the cost of making your gift and frees cash that otherwise would have been used to pay taxes.
- You eliminate capital gains tax on the property’s appreciation.
- The transfer isn’t subject to the gift tax, and the gift reduces your future taxable estate
Need help?
Contact Jennifer Taff, Executive Director to discuss a potential home or property donation at jtaff@gohabitat.org.