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Tax credit helps Coloradans pay for home modifications

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Posted at 4:30 AM, Jan 16, 2019
and last updated 2019-01-16 08:57:15-05

DENVER — A new tax credit will help reimburse Coloradans who make home modifications due to a disability or illness.

House Bill 18-1267 created a $1 million dollar program that runs through 2023. Individuals who qualify for the program can request up to a $5,000 tax credit per year. The qualifications include having an impairment or disability that necessitates the home modifications and an adjusted family income under $150,000. Learn more about the qualifications and the application process on the Department of Local Affairs website.

"If we're able to have people to make these modifications for their health, safety or welfare, it makes sense for them to stay in their house," explained Natriece Bryant, the chief administrative officer for Colorado's Department of Local Affairs.

“The ability to live independently in your home is a priority for many Coloradans, and we are happy to be able to provide a program that incentivizes those who are making their homes more accessible and self-sufficient,” said Alison George, division director for DOLA’s Division of Housing.