Two local realtor associations are joining forces with Housing Trust Silicon Valley to provide $100,000 for closing costs to qualified first-time homebuyers. Housing Trust Silicon Valley will administer the Housing Affordability Fund First-Time Homebuyer Grant.
The Silicon Valley Association of Realtors and the Santa Clara County Association of Realtors saw an unmet need in assisting first-time homebuyers. The associations applied for and received a $100,000 grant from the California Association of Realtors Housing Affordability Fund. The Silicon Valley Realtors Charitable Foundation and the Santa Clara County Realtors Foundation, the charitable arms of the realtor groups, are both contributing the necessary operational funds to implement the grant.