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Workforce Housing Grants – State by State

In credit, Distressed Sales, fannie mae, First-Time Buyer, florida, forclosure, foreclosure, government, Grants, Home Buyer, lenders, Loan Originator, miami, miami beach, mortgage, real estate on May 5, 2010 at 6:01 pm

NAR grants make homeownership affordable for working families

WASHINGTON – May 5, 2010 – Despite today’s tight economy, many areas of the country have not seen a significant drop in their high cost of living. To help meet this critical need for more affordable housing for low- to moderate-income working families, the National Association of Realtors® has awarded more than $3.4 million through the Ira Gribin Workforce Housing Grants (http://www.realtor.org/iragribingrant) program.

Teachers, firefighters, police officers, restaurant and retail workers provide vital community services – however, they often cannot afford to live in the communities where they work. This segment of the population can be shut out of the local housing market in high-cost communities, which can lead to longer commutes, sprawl and traffic congestion.

Ira Gribin Workforce Housing Grants are awarded to state and territorial Realtor associations to help fund workforce housing programs. Established in 2009, the program is named in honor of Ira Gribin, a former NAR president and 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 communities,” says NAR President Vicki Cox Golder. “Realtor associations are working hard to address affordability problems in their states, and through the Ira Gribin Workforce Housing Grants program, they are able to provide even more affordable housing opportunities to working families. That’s good for the entire community.”

Grants can be used to support a broad range of workforce housing solutions, including downpayment and financial assistance programs, homebuyer or Realtor education, public awareness and advocacy campaigns, or housing construction and rehabilitation. The one-time grants are awarded on a sliding scale based on Realtor association membership. To date, NAR has awarded grants to 31 Realtor associations, totaling $3,443,500.

The following state Realtor associations or their foundations have been awarded an Ira Gribin Workforce Housing Grant since the program’s inception: Arizona, California, Colorado, Delaware, Florida, Hawaii, Idaho, Illinois, Kansas, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nevada, New Hampshire, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, West Virginia and Wisconsin.

A new NAR report, “Tackling Workforce Housing State by State,” describes the status and progress of the 2009 Ira Gribin Workforce Housing Grant recipients. The report provides detailed program summaries and contact information for each of the grantees and is available at: http://www.realtor.org/iragribingrant.

The two-year grant program concludes at the end of 2010; applications are due no later than Oct. 31, 2010.

Reprinted by permission: © 2010 Florida Realtors®

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