Foreclosure Prevention and Response Program
As a part of its Right Tools, Right Now program, on March 1, 2009, NAR introduces the Foreclosure Prevention and Response (FPR) Program to aid REALTORS®, their clients, and the nation’s communities in facing the challenges of the current market. Through this program NAR is providing grants to help state and local REALTOR® associations develop coordinated plans of action to prevent foreclosures and respond to their adverse affects.
In addition to these grants, the program will also provide an online toolkit, filled with information about: educational opportunities and resources, government and private grant programs, community outreach programs, and best practices related to foreclosure prevention and response.
FPR Program Grants
These grants may be used to fund virtually any new activity chosen to address the foreclosure crisis. They may be used by state and local associations to:
- provide REALTORS® with short sales and foreclosure training opportunities;
- enlist the help of professionals in designing action plans to address the challenges of foreclosures;
- engage grantwriting support to apply for government or private funding; or,
- obtain the services of communications strategists.
For a list of suggested programs and resources, you can visit the online toolkit described below. However, associations need not be limited by the suggested resources and options listed there.
Who is Eligible: State and local associations of any size are invited to apply. However, we ask that state and local plans be carefully coordinated to ensure they provide the most effective impact. Local associations will have to show evidence that the state association has signed off on their proposals.
Funds will be allotted by state, based on membership levels. See table (PDF 50K).
Application Process: Local associations should coordinate with their state associations before submitting applications. For further information, contact your state association or NAR's Bill Gilmartin at wgilmartin@REALTORS.org. Download the application. (Word 12K)
Foreclosure Prevention and Response Toolkit
NAR provides this free online toolkit to help state and local associations design local foreclosure response programs and to support the work of their members in the community. The resources found here will help state and local associations to identify:
• training resources,
• government and other grant programs,
• opportunities for community involvement and;
• best practices.
Resources for associations
Resources to provide to REALTORS®
To allow this toolkit to grow, and NAR invites REALTOR® associations to submit best practices and descriptions of your local foreclosure program. If you are interested in sharing your association's experience for the benefit of all, please email: wgilmartin@REALTORS.org.
Part of NAR's Right Tools, Right Now Initiative
In these uncertain times, NAR is here to help you succeed with the Right Tools, Right Now initiative, offering more than 300 educational products, publications, and services free or at cost. For more information, visit www.REALTOR.org/RightTools.
