SOURCE: National Association of Realtors

National Association of Realtors

November 24, 2009 15:12 ET

NAR Grants $50,000 to Fund Local Realtor® Affordable Housing Activities

WASHINGTON, DC--(Marketwire - November 24, 2009) - To help promote and expand local affordable housing opportunities in communities across the country, the National Association of Realtors® has awarded $50,950 to 16 local and state Realtor® associations through the Housing Opportunity Fund grants program.

"Despite the recent drop in home prices there is still a lack of decent, affordable housing in many of our cities and towns," said NAR President Vicki Cox Golder, owner of Vicki L. Cox & Associates in Tucson, Ariz. "Realtors® build communities and understand how a shortage of affordable housing can affect the local area. NAR's Housing Opportunity Fund grants help us raise awareness about the issue and make a real difference in communities across the country."

NAR's Housing Opportunity Fund was established in 2006 and supports a wide range of activities to increase local affordable housing opportunities. For all of 2009, the Housing Opportunity Fund has awarded $100,000 to support 32 housing opportunity programs. Since the program's inception in 2006, more than 100 grants totaling nearly $400,000 have helped support local affordable housing activities.

Grants can be used to fund a variety of activities, including housing symposia; home buyer education or housing fairs; counseling and financial literacy efforts; down payment or closing cost financial assistance programs; public opinion surveys; and Realtor® affordable housing education. Grants of up to $5,000 are awarded twice per year.

The following Realtor® associations have received the most recent Housing Opportunity Fund grants:

Charleston Trident Association of Realtors® (North Charleston, S.C.): $1,500 to support an affordable housing expo in partnership with community nonprofit affordable housing organizations and others.

Charlotte Regional Realtor® Association (Charlotte, N.C.): $5,000 to host a comprehensive workforce housing forum to discuss the community's critical affordable workforce housing issues and needs.

Eastern Connecticut Association of Realtors® (Norwich, Conn.): $2,500 to support a public outreach and media campaign and a public home buyer fair.

Greater Baltimore Board of Realtors® (Baltimore, Md.): $5,000 to develop seminars focusing on barriers to homeownership for foreign born citizens.

Greater Tampa Association of Realtors® (Tampa, Fla.): $2,500 to present Home Rescue, a new communitywide forum composed of housing experts, government officials, financial institutions and nonprofits.

High Point Regional Association of Realtors® (High Point, N.C.): $1,500 to provide landscaping materials and volunteers to improve the appearance of vacant, foreclosed and dilapidated houses.

Hopkinsville-Christian County Board of Realtors® (Hopkinsville, Ky.): $5,000 to conduct an in-depth analysis of the local housing market and host a housing conference to share and discuss the findings and develop solutions.

Maryland Association of Realtors® (Annapolis, Md.): $5,000 to support participation in the "Maryland CASH Academy," which provides consumers with free financial education classes.

Monroe County Association of Realtors® (Monroe, Ill.) $2,000 to fund a series of lunch and learn workshops for Realtors® and others working to implement affordable housing initiatives.

New Orleans Metropolitan Association of Realtors® (Metairie, La.): $3,000 towards a series of home buyer training courses that will be provided to participants at no cost.

Orlando Regional Realtor® Association (Orlando, Fla.): $2,000 to support first-time home buyer counseling for families selected to be part of "Art in Architecture," a community service program of the Florida Real Estate Foundation that provides affordable and attractive housing.

Peoria Area Association of Realtors® (Peoria, Ill.): $3,000 toward a financial education course, "You, Your Credit and the Real World," which is designed for high school juniors and seniors.

Pinellas Realtor® Organization (Clearwater, Fla.): $5,000 to create a searchable database of affordable housing programs in the county.

Realtors® Association of Greater Fort Lauderdale (Fort Lauderdale, Fla.): $1,450 to promote homeownership by hosting a housing opportunities symposium and sharing the various home buyer programs that are currently available through all levels of government.

Realtor® Association of Prince William (Woodbridge, Va.): $1,000 to expand a program that helps share housing information with teachers, firefighters, police officers and other county employees.

Realtors® Association of the Palm Beaches (Lake Worth, Fla.): $5,000 to partner with the local municipality to host a symposium to help educate residents during the foreclosure process.

For additional information on NAR's Housing Opportunity Fund or to download an application, visit Applications for the next round of grants are due April 2, 2010.

To help state Realtor® associations or their housing foundations address the growing need for affordable workforce housing, NAR also provides funds of $50,000 or more through the Ira Gribin Workforce Housing Grants. The program only runs during a two-year period, 2009-2010; applications and additional information are available at

The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1.2 million members involved in all aspects of the residential and commercial real estate industries.

Information about NAR is available at This and other news releases are posted in the Web site's "News Media" section in the NAR Media Center.

REALTOR® is a registered collective membership mark which may be used only by real estate professionals who are members of the NATIONAL ASSOCIATION OF REALTORS® and subscribe to its strict Code of Ethics. Not all real estate agents are REALTORS®. All REALTORS® are members of NAR.

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