Affordable Housing

Safe and comfortable housing is a fundamental necessity to live productively in developed countries.  But for many the thought of a secure place to work, rest, and support a family is an unattainable dream.  Bella Fortezza works with public agencies to identify hard-working individuals and families who need assistance in finding and affording a place to call home.  

We are actively studying the housing markets in Charlotte, NC and Denver, CO with the goal of providing housing for two families by the end of 2022.  Using HUD guidelines for fair market rents and median income, we will work with local agencies to identify families who will best benefit from our housing.  

 

Please consult your tax advisor for advice regarding the tax-deductibility of your contributions.

Your tax advisor can evaluate the specific circumstances which may apply to you, but in general you are permitted to deduct up to 60% of your Adjusted Gross Income (AGI) in cash donations or 50% of your AGI in non-cash donations.  Corporations are typically limited to 10% of AGI in cash donations.

However, for tax years 2020 and 2021, thanks to the CARES Act individuals may deduct up to 100% of AGI in cash donations (non-cash donations are still capped at 50% of AGI).

IRS: Charitable Contribution
Deductions

IRS: CARES Act Provisions