NAREB Foundation
The Purposes for which the Corporation (NAREB Foundation) is formed, includes, but is not limited, to the following:
- To receive grants, gifts and contributions for charitable and educational housing related programs.
- To acquire/rehabilitate dwellings for low and moderate income, and workforce development families.
- To obtain funding to develop and construct new or rehab residential, commercial, mixed use developments in underserved and inner city neighborhoods.
- To educate and train youth and adults in housing related skills & trades i.e. marketing, management, repairs, maintenance, grounds maintenance, etc.
- To establish and implement a homeownership down payment assistance program.
- To create employment opportunities within underserved communities.
- To establish a consortia to secure equity funds and mortgage loan commitments to finance the development/redevelopment of housing programs.
The Corporation is organized exclusively for charitable, educational and real estate board purposes; for the improvement of business conditions for minority and disadvantaged persons in the real estate and related business