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TAR’s FTHBAF Program Marches on - WELCOME HOME!

March, 2010

 

One of the shining moments in a Telluride local’s life, other than epic powder days and an incredible lineup at Bluegrass, is when the opportunity to purchase a home in the region becomes a reality. Fortunately, those moments happen rather frequently on account of help and support from the Telluride Association of Realtors and its First Time Homebuyer’s Assistance Fund program. Since June 2002, TAR’s FTHBAF program has helped make dreams come true for locals by providing financial assistance toward the purchase of a first home. As successful as the past years have been, 2009 was no different as a total of $12,850 was awarded to first time homebuyers between January and December.  AND from January through the end of the year, we presented to 23 recipients in the form of 16 grants.  

CONGRATULATIONS to all of the TAR 2009 FTHBAF Grant Recipients!

Louise Kirsch; Fletcher Otwell; Dan Plumer; Alex & Wendy Carter; Joseph & Brooke Huff; Gregory Deame; Rick Willis & Betsy Miller; Rachel Brodsky; Rhea DePagter & Ryan Kusuno; Tyler Schultz & Natalie Fijalkowski; Susan Sorich; Travers Mitchell & Jacey Depriest; Michael & Krista Kimball; Jeff Haskell; Kim Wheels; & Bryan Yug.

Since its inception in June 2002, TAR’s FTHBAF has donated upwards of $279,200 to 372 individuals in the form of 251 grants. And as applicant numbers continue to grow steadily, TAR and the brokerage community generously and enthusiastically rise to meet those numbers. The money behind the FTHBAF program comes from several contributors, the largest of which are local Realtors/TAR members. Over 82% of Telluride area brokers voluntarily contribute a portion of every closed transaction to the program. This translates to roughly 180 brokers, employed by more than 50 brokerage firms, who repeatedly make donations. Donations are made in allocated increments taken from each closing; 100% of the monies granted are applied toward the FTHBAF recipient’s closing costs. Additionally, affiliate TAR members financially contribute to the FTHBAF. Opening financial doors and thus enabling the core of the Telluride community to call it home for years to come solidifies and preserves the unique spirit and soul of this spectacular place. TAR recognizes, as well as identifies, with this fact and hopes the FTHBAF, paired with its other local programs, continue to help make this happen.“The underlying issue for us is that we remain a group and an association that is very strongly committed to finding housing solutions for our locals and keeping them in this community,” said TAR past president Jim Lucarelli. “That’s really what it’s all about.” Those interested in applying for a FTHBAF grant, should contact TAR at 970.728.5172. All applications are due to the TAR office 28 days prior to the closing date and by the last Wednesday of the month prior to the month of the property’s closing date.