The Greater Rochester Association of Realtors was awarded a $5,000 grant from the National Association of Realtors’ Housing Opportunity Program to create and expand affordable housing opportunities.
The grant will be used to help fund a one-year initiative, “The Project to Preserve Communities Impacted by Foreclosure,” kicked off last month by the Empire Justice Center, a statewide public interest non-profit law firm and advocacy organization acting on behalf of poor, disabled and disenfranchised New Yorkers.
“Realtors build communities and work hard to make housing affordable to all who are willing and able to become homeowners,” said GRAR CEO Jim Yockel. “This grant will help raise awareness about the need for more housing opportunities in our community, as well identify and promote solutions that address affordable housing.”
The project will study the anticipated impacts of expected foreclosures and vacancies in neighborhoods and towns in Monroe County and will recommend ways to avoid the worst effects.
Using delinquency and foreclosure data at the neighborhood level, matched with U.S. Census data about the demographics and composition of the neighborhoods, the study will estimate which neighborhoods are most at risk for spiraling decline and abandonment and which will be most impacted by foreclosures.
The information will be used to better invest in the community and target resources, both financially and hands-on, of the Realtors Charitable Foundation.