No. However, it reduces your investment in your home (your cost basis).
When you sell your home, your capital gain is determined as
selling price minus cost basis.
Your cost basis is what you originally paid, plus the cost of any permanent improvements to the real property (real property is land plus any permanently attached structures). In this case, you would include $1950 as the cost of the improvement rather than the full price. If you owe capital gains tax later when you sell, you will owe a bit more than if you hadn't been reimbursed. (But most homeowners don't pay capital gains tax when they sell their personal home anyway.)
