St. Augustine Distillery supports affordable housing through partnership with Habitat for Humanity

Posted

At a recent dedication of Habitat for Humanity of St. Augustine/St Johns County’s 138th home, the St. Augustine Distillery presented a sponsorship check in the amount of $67,250.  

The donation qualifies as a sponsor donation through the Community Contributions Tax Credit Program (CCTCP).  As part of this program, the St. Augustine Distillery employees also donated over 200 hours constructing the home.  

The 138th home constructed by Habitat volunteers was built in West St. Augustine for the Adcock family, a single mother and her son. Ms. Adcock works several jobs, including driving a bus for St. Johns County Schools. 

Habitat homes constructed in St. Johns County, and in the state of Florida, qualify under CCTCP and can offer corporations a one-for-one return on investment in the form of tax credits that can be applied against Florida corporate income tax, insurance premium tax or as a refund against Florida sales tax (for businesses registered to collect and remit sales taxes). Under the program, the tax incentive often ends up equivalent to the full amount of the home sponsorship donation. While Habitat utilizes grants and other funding sources, the main source of sustainable funding comes from the community, both individuals and businesses.

Comments

No comments on this story | Please log in to comment by clicking here
Please log in or register to add your comment