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Six U.S. Cities Recognized For Increasing Affordable Housing

Six U.S. cities have been recognized as the
best places for increasing affordable housing3. Boulder, Colorado and the Boulder Area
by the National Association of Realtors (NAR)Realtor  Association
and the United States Conference of Mayors.
The selected cities receive recognition forThe Southern Lights program involves building
the innovations made in housing, improvementstwo duplexes that will house two families
in housing opportunities and increasedeach. This realtor association provides funds
affordability.and a minimum of 800 volunteer hours toward
the  construction  of  the  homes.
Launched in 2004, the 'Ambassadors for
Cities' program envisages the development of4. Jacksonville, Florida and the Northeast
housing opportunities and homeownership inFlorida  Association  of  Realtors
communities every year, through improved
collaborations between local city governmentsThis association endeavors to enhance housing
and realtor associations. The program has sofor employees of local businesses through
far honored 19 cities in the U.S. and hastheir employer assisted housing (EAH)
granted up to $95,000 towards affordableprograms. Besides this, the realtors will
housing  initiatives.also receive training to use this "Home from
Work" program so as to assist local
For this current year, six cities have beenbusinesses  set  up  their  own EAH programs.
selected as the 2007 Ambassador Cities. They
are:5. Miami, Florida and the Realtor Association
of  Greater  Miami  and  the  Beaches
1. Fort Smith, Arkansas and the Fort Smith
Board  of  RealtorsThis city envisages building a virtual
housing center to connect renters with
The City of Forth Smith Homebuyers Assistanceaffordable rental units and home buyers with
Program offers participants a well-definedhome sellers. The association's
education in credit counseling and mortgagemulti-language website and home listings will
readiness and also a five-week financialbe linked to the Housing Central website. An
fitness course on budgeting, moneyeducational program for realtors on various
management, credit and avoiding predatoryfunding incentives for buyers and renters is
lending. Over 200 families have purchased aalso  on  the  anvil.
home  since 1997, as a result of the program.
6. Durham, North Carolina and the Durham
2. San Diego, California and the San DiegoRegional  Association  of  Realtors
Association  of  Realtors
An annual training on the Durham's
The 'Back the Blue' Program speciallyhomeownership programs is being held every
designed for police officers provides them anyear since 1997 for realtors. Those who
interest rate "buy down". The program aims tocomplete the training program are placed on
bring down the monthly mortgage payments ofDurham's realtor referral list. Potential
the officers thereby helping them to purchasehome buyers are highly benefited by this
homes  in  the  communities  they  serve.homeownership program.



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