Industry News

California Realtors raise more than $1 million

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The California Association of Realtors has raised $1.01 million this year for its Housing Affordability Fund, which is disbursed among local Realtor associations that request money to support housing affordability and housing supply initiatives. California Realtors have contributed about $2.3 million to the fund since its creation in January 2003. The state association donated $500,000, Realtors throughout the state donated about $300,000, and local Realtor associations donated about $125,000 for the fund. "California's long-standing affordability crisis poses a challenge to all, and Realtors and others in this industry are meeting that challenge through their generous donations to the (fund)," said Jim Hamilton, state association president. Corporate donations this year include: Fannie Mae Foundation, $25,000; Cendant Real Estate Franchise Group, $15,000; R.E. Infolink, $15,000; San Diego Count Regional MLS, $10,000; and First American Corp., $5,000. Since delivering its first grant...