The REALTORS® Affordable Housing Fund draws its revenue from the interest earnings paid by dozens of Maine financial institutions on hundreds of REALTOR® members’ real estate trust accounts.
When a real estate broker establishes or converts his or her real estate trust account to an interest-bearing one, the financial institution sweeps the account of the interest and remits the money monthly to the REALTORS® Foundation’s Affordable Housing Fund (RAHF). The Maine Association of REALTORS® Foundation tracks the contributions. When the money builds, the Foundation’s Board of Directors distributes the funds to non-profit organizations in the form of Competitive Program grants or Local Board Matching Program grants.