NAR Gives to Foreclosure Prevention Programs

NAR Gives to Foreclosure Prevention Programs
The National Association of REALTORS® has awarded more than $682,000 to 25 local and state REALTOR® associations through its Foreclosure Prevention and Response grant program. The grants help REALTOR® boards develop and fund local foreclosure-prevention programs.

More than $3 million is available to state and local associations through the program to help REALTORS®, their clients, and communities nationwide resolve the growing foreclosure problem. Funds can be used to:
Give consumers foreclosure prevention information and financial counseling.
Educate and train REALTORS® about foreclosure prevention, short sales, and auctions.
Help Realtors® and their associations form partnerships and get more involved in their communities to address foreclosures and support local neighborhood stabilization efforts.

“REALTORS® build communities, and as the leading advocate for homeownership and housing issues, we believe that any family that loses its home to foreclosure is one family too many,” NAR President Charles McMillan says. “Foreclosures affect each community differently, which is why NAR is providing the Foreclosure Prevention and Response grants directly to local and state REALTOR® associations – so that they can develop unique, coordinated action plans to prevent foreclosures and minimize their adverse effects on the community.”

NAR has also developed a Foreclosure Prevention and Response Toolkit for local and state associations. This free online toolkit helps associations develop a local foreclosure response program and support the work of REALTORS® in the community. Toolkit resources include a list of training programs, government and other grant programs, and opportunities for community involvement and best practices, including developing community-wide strategies.

Additional information on the approved grants is available at www.realtor.org/foreclosure.
— NAR