LBAR receives national grant for expanding housing opportunities through rent assistance project

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The Lexington-Bluegrass Association of Realtors (LBAR) has received a $15,000 grant from the National Association of Realtors’ Housing Opportunity Program to support activities that create and expand affordable housing opportunities.

LBAR also donated $1,500 to the project. Through the Rent & Deposit Assistant (RDA) Project, the grant will be used to pay a deposit and first month’s rent for households experiencing homelessness who have documented income to pay ongoing rent.

Tyler Hurst, executive director of New Day Life Center and Ty Brown, LBAR president (Photo from LBAR)

“Realtors build communities and work hard to make housing affordable to all who are willing and able to become homeowners,” said LBAR 2017 President Ty Brown. “This grant will help raise awareness about the need for more housing opportunities in our community, as well as identify and promote solutions that address affordability. Through the Housing Opportunity Grants, homeownership can become an attainable dream for many hard-working American families across the country.”

NAR’s Housing Opportunity Grants were established in 2006. Individual grants are awarded ten times per year. Since the program’s inception, over 400 grants totaling more than $1.5 million have been awarded.

The grants support a wide range of housing opportunity activities, including housing symposia; home buyer education or housing fairs; counseling and financial literacy efforts; down payment or closing cost financial assistance programs; housing needs studies; and realtor affordability housing education.

From Lexington-Bluegrass Association of Realtors

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