The Calaveras County Association of Realtors(R), (CCAR) is pleased to announce that we have formed a local committee called the Housing Affordability Fund (HAF). The purpose of HAF is to help our local citizens achieve the American Dream of homeownership.
Many of you know that this new program was introduced at the C.C.A.R. Installation Dinner in Nov. 2003, and that over $19,000. was raised by a fundraising campaign solicited both before and during the dinner. While we can all be proud of the generous donations made, there will be an ongoing need to replenish the fund once the program is rolled out. To this end, each Realtor(R) in the local
Association will have an opportunity to contribute in an easy and relatively pain-free manner. One method which we are encouraging is when an escrow is opened at any of the local Title Companies, the agent representing
each side of the transaction will be asked if they wish to make a $25.00 donation to the Housing Affordability Fund from their portion of the commission. While this will be a voluntary donation, it is the committee's hope that most, if not all of us will see the big picture and greater good to be accomplished by many relatively small contributions. All administrative costs of the program will be fully absorbed by the Association, so all funds and services donated will go entirely to reduce selected homebuyer's purchase costs.
As there are currently many other programs that provide assistance for low to moderate income families, our program differs in that it will focus on the local work force community who cannot qualify for the low income programs, but who would otherwise qualify for conventional homeowner loans with limited assistance. These are local workers such as firemen, teachers, police officers, office workers, and other workers who live in the community who need limited assistance in helping them to qualify for a home loan. This assistance could be, but not limited to, buying down the interest rate to make payments more affordable, down payment assistance, etc.
If you are a Realtor and have someone whom you feel may qualify for this program please call the Association Office or any of the Committee members for an application. Completed applications should be faxed to
209-736-0017, mailed to the Assn. Office at 1270 Suzanne Drive, P.O. Box 313,
Angels Camp, CA 95222, or hand delivered at 1270 Suzanne Drive, Angels Camp.
Now accepting applicants to assist homeownership in Calaveras County. Applicant must reside and work in Calaveras County. Realtors who need an application can send an e-mail to the association office and request an application for the client.
We still need the Realtors to sign up for the volunteer $25.00 donation. It shows how aware all of you are of the importance of the need to help our own Work Force Community to realize their dream of Home Ownership! With everyone participating, you
would be surprised what a small donation of $25.00 will do! For one, we can keep this program going, and really make a difference in our community! A Huge thank you to all of you who have already sent your signed forms in! If any one has not received this form, or has misplaced it and would like another, just give us a call at 736-4800 and we'll fax one over to you. It's never too late to sign up and remember it's always voluntary per escrow!
