CA REALTORS®, Your Donations Are Busy Making A Difference!
by Heather | May 19, 2022 | C.A.R. |
C.A.R.’s HAF Closing Cost Assistance Grant Program, in a joint effort with our non-profit partners, helps first-time homebuyers who are members of an *underserved community bridge the affordability gap by providing them with up to $10,000 in closing cost assistance. Each grant is provided to low- to-moderate income (120% AMI and below) first-time homebuyers who utilize the services of a CA REALTOR®.
Through the grant program’s first three months, our non-profit partners have distributed $142,120 of funds to
first-time homebuyers to help with their closing costs.
And that’s just the beginning. We have distributed about 20% of our funds so far and we could use your help to make that funding amount grow and make a bigger impact on California’s homeownership gap.
You can support C.A.R.’s Housing Affordability Fund’s efforts to offer increased homeownership opportunities for underserved communities by donating to the program directly on HAF’s website. You can also find out how to apply for a grant and learn more about the program’s partnerships at carhaf.org.
*“Underserved Community” includes: (i) people of color; (ii) persons who are homeless or otherwise experiencing housing instability; (iii) persons with disabilities (physical or mental), particularly persons living in housing with one or more qualities of an institutional setting, persons leaving institutions, or persons at-risk of institutionalization; (iv) persons living in impoverished areas or experiencing persistent poverty or inequality, including historical wealth disparities as compared to majority groups; and (v) lesbian, gay, bisexual, transgender, and queer (LGBTQ+) persons.
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