Macomb County Habitat for Humanity: support House Bills 5820-5821 (September 2, 2020)
Summary
A letter dated September 2, 2020 on Macomb County Habitat for Humanity letterhead to Chairman Marino and members of the House Commerce and Tourism Committee, urging support for House Bills 5820-5821. The bills would create the Michigan Community Investment Pilot Program and the Michigan Community Investment Tax Credit, under which a donor to a place-based nonprofit receives a 50% state tax credit on the donation. The letter states that the bills would cap the program at $25 million in donation-based tax credits, reflecting a minimum $50 million in new, local investments, and that the pilot is based on programs in 14 other states. The signature block names David Tirsell.
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“Macomb County Habitat for Humanity: support House Bills 5820-5821 (September 2, 2020).”
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Macomb County WY Habitat We build strength, stability, self-reliance and shelter. for Humanity* September 2, 2020 Dear Chairman Marino and Members, House Commerce and Tourism Committee: We have talked regularly to our elected officials about the need for affordable housing in Macomb County and in Michigan. I am writing you today to urge you to support House Bills 5820-5821, legislation creating the Michigan Community Investment Pilot Program and creating the Michigan Community Investment Tax Credit. As you know, very large community development projects have many tax incentives to attract investors. But small- to medium-sized neighborhood and rural community revitalization projects are often overlooked because they lack the same tools to attract investment. House Bills 5820-5821 would create the Michigan Community Investment Pilot Program, a donation-based state tax incentive that would provide support for locally based revitalization work in neighborhoods and rural communities. Under the proposed legislation, a corporate or individual donor contributes directly to a place- based nonprofit such as Macomb County Habitat for eligible projects or activities, including: e« Small business development, including agri-business Affordable housing Financial empowerment Workforce attraction & retention Neighborhood & community revitalization Commercial corridor revitalization In exchange, the donor receives a 50% state tax credit on their donation. As drafted, the bills would cap the program at $25 million in donation-based tax credits, reflecting a minimum $50 million in new, local investments. The proposed pilot program is based upon similar, successful programs in 14 other states. These bills are important to me because we regularly face the challenge of families paying way more than 30% of their monthly income for housing expenses, especially in rental situations. Finding new sources of donations to prepare smaller footprint or less expensive homes would enable us to give those families a solid financial foundation for the future. Again, I urge you to support these bills and make them a priority for passage this session. Thank you so much for your consideration of my views. Sincerely, David Tirsell 292 Jones St. Mount Clemens, MI 48043 Admin Office | 25 N. Main Si, Mount Clemens, Mi 48043 tel (584) 243-1540 fax (586} 569-4201 info@macombhabitat.org macomhabitat.org Shelby Township ReStore | 46414 Van Dyke. Shelby Township, M! 48317 macombhabitat.org/restore Warren ReStore | 23211 Van Dyke. Warren, Mi 48089 tel (584) 806-5604 macombhabitat.org/resiore
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