At Habitat for Humanity, we believe in partnerships that are mutually beneficial. We know that our partnerships yield tremendous benefits for Habitat for Humanity, we strongly believe our organization becomes even better when we offer additional value and benefit to our partners. Whether it’s through Community Partner Home Sponsorship, Lending Partnership or the Community Contribution Tax Credit Program (CCTCP), companies that sponsor our Habitat for Humanity homes benefit by supporting community involvement in a mission that helps stabilize Pinellas County Families.
For the 2nd year in a row, the Harris Poll recognized Habitat for Humanity as the most trusted and well know social service brand, in the world. This is not only a huge accolade for Habitat for Humanity, but it also greatly benefit’s the companies who partner with us. Partnering with Habitat for Humanity also provides opportunities for a company’s employees to engage in positive team-building activities and research shows that companies who allow their employees to get out of the office to volunteer, it promotes a healthy, happy and MORE productive workforce, yielding better results and more success in their business. Finally, we understand that consumers, clients and business partners are much more likely to do business with companies who embrace a culture of philanthropy among their workforce and through their community involvement.
A way for Banks to partner with Habitat for Humanity to provide sustainable and affordable housing for limited income families while earning their required Community Reinvestment Act (CRA) credits are Lending Partnerships.
Partnering with us through the purchase of Habitat Pinellas mortgages allows us to leverage our mortgages to build more homes and help more families. Because we want you to be able to maximize your Community Reinvestment Act (CRA) credits and other benefits that may be available to you, we are able to provide flexibility in how we structure the sale in order to meet your company’s needs.
For information on becoming a lending partner, please contact our Finance Office at 727-536-4755.
The Bank of Tampa
Raymond James Financial
Any corporation paying Florida corporate income tax or insurance premium tax or a business that collects and remits sales tax to the State of Florida.
Cash, property and goods donated to approved projects are eligible for the credit.
• Business is eligible to receive credits of up to $200,000 per tax year
• Unused corporate income tax credits may be carried over for up to five years
• Unused sales tax refunds may be claimed for three years after the first refund application
• Each fiscal year (July 1 to June 30), the legislature sets a dollar amount for available tax credits. Since 1999, the limit has been set at $10 million per year in tax credits for affordable housing
Habitat Pinellas will work with you to determine whether or not the contribution qualifies for a tax credit. Our team will help you complete the application for a Community Contribution Tax Credit (Form 8E-17TCA#01) to the Florida Department of Economic Opportunity along with any other necessary paperwork.
Some qualifying companies use this program to fully fund a Habitat Pinellas home. This provides significant advantages to both Habitat for Humanity and to the company. Sponsorship of a home entitles the company to signage and provides an opportunity for publicity. It also allows Habitat for Humanity to provide affordable housing to yet another family in Pinellas County.
200 volunteer hours are required, providing the company a team-building experience like no other. It is possible through this program to have a significant amount of your donation returned to your company through the tax credit.
Lokey Automotive Group
Tampa Bay Rays
Raymond James Financial
Tradewinds Island Resorts