Habitat for Humanity of Archuleta County has been approved as an Enterprise Zone Contribution Project by the Colorado Economic Development Commission (EDC).
This designation allows all donor contributions of a $100 or more for this project eligible for a 25-percent state tax credit on cash donations, and a 12.5-percent state tax credit on in-kind donations.
Currently, 31 projects are designated in southwest Colorado.
The Habitat for Humanity of Archuleta County program builds and repairs simple, decent, affordable houses in partnership with low-income families and volunteers from all backgrounds. In turn, they pay property taxes and work within the community. This project also helps the local economy by purchasing the materials locally, and by contracting local professional labor and services.
In 1986, the Colorado State Legislature approved the Enterprise Zone Tax Credit program to assist economically distressed areas of the state. In southwest Colorado, all of Montezuma, Archuleta, San Juan and Dolores counties are designated enterprise zone areas. La Plata County has some areas that are not considered distressed, and thus are not included.
A list of eligible Enterprise Zone projects and program information is available online at www.scan.org or by calling the Region 9 Economic Development District at 247-9621.