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WASHINGTON, April 03, 2007 - The
National Association of Realtors® and the United States Conference of
Mayors have designated six cities as 2007 Ambassador Cities. NAR and
the mayors’ conference, through its Council on the New American City,
launched the Ambassadors for Cities Program in 2004 to encourage
collaborations between local city governments and Realtor® associations
to expand housing opportunities in their communities.
The program selects cities as Ambassadors and highlights the
innovations they have implemented to promote homeownership, increase
affordable housing and make their communities more livable. The
Ambassadors for Cities Program has honored 19 cities and has awarded
$95,000 in grants to support local affordable housing initiatives.
“Realtors® build communities and care about improving the
availability of housing opportunities for all Americans,” said NAR
President Pat Vredevoogd Combs,
of Grand Rapids, Mich., and vice president of Coldwell
Banker-AJS-Schmidt. “Through this program, Realtors® and the country’s
mayors are working together to pioneer affordable housing solutions
that will help improve communities and raise homeownership rates
nationwide.”
The Ambassadors for Cities Program has a goal of expanding housing
opportunities and homeownership in four to six cities every year. Each
of the cities will hold a public event later in the year at which they
will receive their official Ambassadors plaque. The 2007 Ambassadors
for Cities designees are:
Fort Smith, Ark., and the Fort Smith Board of Realtors® City
of Fort Smith Homebuyers Assistance Program. Participants receive
credit counseling and mortgage readiness education. The program also
offers a five-week financial fitness course on budgeting, money
management, credit and avoiding predatory lending. Since 1997, more
than 200 families have purchased a home as a result of the program.
San Diego, Calif., and the San Diego Association of Realtors® Back
the Blue Program. The program will provide qualifying police officers
with an interest rate “buy down.” The goal is to help reduce officers’
monthly mortgage payments so they can afford to purchase homes in the
areas they serve.
Boulder, Colo., and the Boulder Area Realtor® Association Southern
Lights. The Realtor® association has partnered with the city and
several other organizations to build two duplexes that will house two
families each. The association will not only help fund the homes but
also will provide a minimum of 800 volunteer hours toward their
construction.
Jacksonville, Fla., and the Northeast Florida Association of Realtors® The
association and the mayor have joined forces to promote
employer-assisted housing (EAH) programs to local businesses. Realtors®
also will be trained to use NAR’s EAH training program, “Home from
Work,” to help local businesses establish their own EAH programs.
Miami, Fla., and the Realtor® Association of Greater Miami and the Beaches Housing
Central. This is a virtual housing center that connects renters with
affordable rental units and buyers with sellers. The Housing Central
Web site will link to the Realtor® association’s multi-language Web
site and home listings. The association is also working with the
Florida Housing Finance Corp. to provide a Realtor® course on
affordable housing solutions and will develop a program to educate
Realtors® on different funding incentives available to buyers and
renters.
Durham, N.C., and the Durham Regional Association of Realtors® Since
1997, the city and the Realtor® association have worked together to
hold an annual training to educate Realtors® about the city’s
homeownership programs. Realtors® who complete the training are placed
on the city’s Realtor® Referral List. The program assists hundreds of
potential home buyers every year.
The National Association of Realtors®, “The Voice for Real Estate,”
is America’s largest trade association, representing more than 1.3
million members involved in all aspects of the residential and
commercial real estate industries.
Source: National Association of Realtors® - Sara Weis
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