The Maine Association of REALTORS® Foundation was formed by the Maine Association of REALTORS® in 1989 as a 501(c)(3) public charity for the exclusive purpose of increasing housing opportunities for Maine’s most vulnerable low and very low-income individuals and families. For 30 years, the Foundation has provided financial assistance to non-profit organizations and groups that help provide shelter through homeownership, housing rehabilitation, and by combating homelessness.
Funding that supports the Foundation’s mission is made possible through contributions from interest earnings paid by financial institutions on hundreds of REALTOR® members’ real estate trust accounts to the REALTORS® Affordable Housing Fund (RAHF).
The Foundation supports two grant programs, the Competitive Grant Program and Local Board Matching Grant Program. Since its creation, the Maine Association of REALTORS® Foundation has provided more than $2.4 million in grants. To view a map of total REALTOR® Affordable Housing Fund grants awarded 1991 – 2020, click here. For a breakdown of total awards by Competitive Grant Program and Local Board Matching Program, click here.
The mission of the REALTORS® Affordable Housing Fund:
To provide financial resources to groups and organizations which sponsor or support activities, programs, and services which directly or indirectly expand, create or encourage the development of crisis shelter, affordable housing, and homeownership opportunities in Maine for individuals and families with low and very low incomes.