Why Donate Real Estate?
- You receive a tax deduction for the full fair market value of your donation, which you obtain from the appraiser of your choice, potentially eliminating capital gains tax liability on the sale of real estate.
- You no longer incur property tax and maintenance fees.
- Community Housing Innovations (CHI) pays all closing costs and recording fees.
- CHI handles administrative requirements to make it easy for you.
- In most cases, the entire process is completed in 3 to 6 weeks
Why Donate to Community Housing Innovations?
Your donation will help our 30-year-old non-profit continue to provide the following services to families and individuals in need of help:
- Emergency Shelter for over 1,000 people each night
- Supportive/Transitional Housing
- Case Management & Supportive Services that promote self-sufficiency
- Permanent Housing
- First-Time Homebuyer Counseling & Education
- Affordable and Workforce Housing Development
- Foreclosure and Eviction Prevention Counseling
How to Make a Real Estate Donation (It’s Easy!)
STEP 1
APPLICATION
You provide basic information about the property using our simple form
STEP 2
REVIEW
We review the information from Step 1 and provide a timely approval with a contract that commits CHI to accept the property, subject to satisfactory title, tax, lien and violation searches.
STEP 3
FINAL APPROVAL
We perform title, tax, lien and violation searches and if satisfactory, schedule closing. Donor performs appraisal for tax purposes (not shared with CHI).
STEP 4
CLOSING
We prepare all documents for the closing. We process the deed transfer & recording, and notify all necessary state and local municipalities. We assume responsibility for all future tax, maintenance and insurance expenses, and send you a tax-deductible receipt.