Industry NewsTechnology

MLS tool seeks down-payment assistance matches

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A multiple listing service serving 14,000 Realtors in Minnesota and western Wisconsin is using a new online tool that highlights listings that may qualify for down-payment assistance programs and helps would-be buyers determine if they're eligible.St. Paul, Minn.-based NorthstarMLS began a six-month "proof of concept" beta test of the Down Payment Resource tool last summer. At the end of the test, the MLS's board of governors voted unanimously to continue using the tool.White Plains, N.Y.-based Empire Access MLS Inc. has also announced it will adopt the Down Payment Resource tool, which displays an icon next to homes that may qualify for programs offered by state and local housing finance agencies.The National Association of Local Housing Finance Agencies (NALHFA) is also partnering with the tool's Atlanta-based developer, Workforce Resource. Housing finance agencies feed information about their programs to Workforce Resource, which licenses the Down Payment Resource tool dir...