REALTORS® Affordable Housing Fund

“To provide financial resources to groups and organizations for the purpose of funding activities, programs and services which directly or indirectly expand, create, maintain or encourage development of decent, suitable shelter and housing opportunities in Maine, including heating assistance, for individuals and families with low, very low, or no income.”

The Maine Association of REALTORS® and Maine financial institutions are working together to respond to Maine’s demand for affordable housing.  Through a partnership between local banks and REALTORS® and their clients, earnest money deposits are placed into an interest bearing account at participating banks for contribution to the REALTORS® Affordable Housing Fund (RAHF). The Foundation follows the HUD guidelines for income eligibility. Participation by real estate professionals and by financial institutions is voluntary.

The Maine Association of REALTORS® Foundation awards grants in support of affordable housing through the Local REALTOR® Boards and Councils.  Please contact the Association Executives for further information.

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Just a few organizations that have benefitted from the Foundation’s efforts are:

Acadia Homes for Students
Family Crisis Services
Friends in Action
Habitat for Humanity
Keep ME Warm Fund
Maine Sea Coast Mission
MDI Lions & Lioness
Next Step
Penquis
Safe Voices
Tedford
TriCounty Mental Health Services
WHCA
YWCA