SOURCE: National Association of Realtors

National Association of Realtors

June 09, 2009 16:44 ET

NAR Awards $730,000 to Support Workforce Housing Initiatives in Five States

WASHINGTON, DC--(Marketwire - June 9, 2009) - The National Association of Realtors® has awarded $730,000 to five state Realtor® associations through the Ira Gribin Workforce Housing Grant. The grants will help support workforce housing initiatives in California, Idaho, Maine, Maryland and Washington.

Ira Gribin Workforce Housing Grants are awarded to state Realtor® associations to fund programs that promote safe, decent housing for people with low and moderate incomes who cannot afford to live in the communities where they work. The grants are named in honor of Ira Gribin, a former NAR president who was a tireless advocate for fair and affordable housing for diverse populations.

"Realtors® build communities and care about the high cost of housing and the lack of affordable, decent homes available to working families in many of our cities and towns," said NAR President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth. "The five state Realtor® associations receiving Ira Gribin Workforce Housing Grants are working hard to address affordability problems in their state, and these grant funds will allow them to help even more working families purchase and keep their homes."

The following Realtor® associations received Ira Gribin Workforce Housing Grants:

California Association of Realtors®: $420,000

The Mortgage Protection Program provides protection for working families to cover mortgage payments in the event of involuntary unemployment or accidental death or disability. The program targets first-time home buyers who are not self-employed.

Idaho Association of Realtors®: $60,000

The Welcome Home Program offers education and financial counseling to potential home buyers; education for Realtor® members through NAR's Home from Work program; and downpayment assistance through the Idaho Housing and Finance Agency, which helps first-time home buyers monetize the $8,000 federal tax credit for downpayment and closing costs through a short-term advance loan. The program targets first-time home buyers.

Maine Association of Realtors®: $50,000

Live Where You Work provides upfront capital to help people find and purchase homes closer to their place of employment. The Maine Association of Realtors® Foundation offers borrowers an interest-free loan up to $5,000, which can be repaid in four equal installments over two to five years. The program targets people who commute more than 30 minutes to work and households that earn up to 100 percent of the area median income.

Maryland Association of Realtors®: $100,000

Maryland Home Makeover helps people keep and maintain their homes through renovation and rehab. Grant funds will be used to develop three program models based on the Maryland Home Makeover program that can be replicated in other communities. The program targets first responders, everyday community heroes, people with disabilities and veterans.

Washington Association of Realtors®: $100,000

The Workforce Housing Opportunities to Stimulate Washington's Housing Market has three components. The program will employ focus groups to develop messaging, educate Realtors® on how to better serve target groups and improve use of available resources, and create a marketing campaign to inform buyers about home buying resources available to them. The program targets first-time home buyers.

Ira Gribin Workforce Housing Grants are awarded to state Realtor® associations or their housing foundations. The one time grants are awarded on a sliding scale -- $50,000 is available to state or territorial Realtor® associations with 5,000 or fewer members; larger associations are eligible for $50,000 plus an additional two dollars per member for each member over 5,000.

Grants can be used to support a broad range of workforce housing solutions, including downpayment and financial assistance programs, home buyer and Realtor® education, public awareness and advocacy campaigns, and housing construction and rehabilitation.

All state and territorial Realtor® housing foundations and associations are encouraged to apply. Local Realtor® housing foundations and associations, individual Realtors®, and firms are not eligible; however, these groups are encouraged to work with their state counterparts to participate in the program.

Applications will only be accepted during 2009 and 2010. Applications will be reviewed and grants awarded on an ongoing basis throughout the two-year period.

For more information on the Ira Gribin Workforce Housing Grants or to download an application, visit www.realtor.org/IraGribinGrant.

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 www.REALTOR.org. 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.

Contact Information

  • For further information contact:
    Sara Weis
    202/ 383-1013
    Email Contact