Realtors offer housing funds |

Realtors offer housing funds

Friday is deadline to submit applications for grant money

— It usually isn’t difficult to give money away.

But the Steamboat Springs Board of Realtors has more than $27,000 that so far, no one seems to want. The money is intended for use by charitable and affordable housing organizations.

“I’m sitting here with $27,000 to give away to housing organizations and no one to give it to,” said Steamboat Springs Board of Realtors president Dennis O’Connor.

The deadline to turn in applications for the money is Friday, and O’Connor said the board hasn’t received any requests.

The money is awarded twice each year. In the past, the money has been awarded to Habitat for Humanity, West Routt Housing, Lift-up of Routt County, Advocates Against Battering and Abuse and Horizons.

O’Connor said the city or the Yampa Valley Housing Authority could use the funds to build homes or acquire land.

The money comes from the Colorado Association of Realtors Housing Opportunity Foundation, a non-profit organization.

When a homebuyer puts up earnest money to purchase a home, it is deposited into an interest-bearing account. When interest is earned it can be transferred to CARHOF to promote affordable housing.

The money is divvied up among Realtor associations throughout the state. Earlier this year $300,000 was awarded to non-profit housing organizations and government organizations throughout the state.

O’Connor said he knows there is a need for the money. The board has been advertising for applications, but it comes down to organizations knowing that the money is available.

“A lot of it comes from a lack of public awareness,” O’Connor said.

Organizations interested in submitting the two-page application can contact O’Connor at 879-7820.

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