Funds available for Summit nonprofit housing agencies | SummitDaily.com
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Funds available for Summit nonprofit housing agencies

DAILY NEWS STAFF REPORT

The Summit Association of REALTORS has announced it has funds available for qualified Summit County nonprofit housing organizations that provide housing services to moderate to low-income persons. Grant applications will be accepted through July.

Butch Elich, local chairperson of the Colorado Association of REALTORS Housing Opportunity Foundation (CARHOF), said last year the association donated several thousand dollars to two local charities. “To date, CARHOF has distributed $6.6 million statewide to over 100 nonprofit and public agencies,” Elich said.

CARHOF, a nonprofit foundation established by the Colorado Association of REALTORS, collects interest from earnest money held in home purchases. Ordinarily, brokers cannot earn interest on escrow trust accounts. With CARHOF, however, the interest can be gathered and made available as grants aiding affordable housing programs, crisis shelters and other housing-related projects.

To be eligible for funds, organizations must be based in Colorado, have a housing-related mission, and be a nonprofit agency with a 501(c)3 status or a public agency.

For more information, call Butch Elich at (800) 806-9518


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