First Time Homebuyers Assistance
The Telluride Association of Realtors® First Time Homebuyers Assistance Fund is a private sector affordable housing initiative conceived by members of the Colorado Association of REALTORS. The Telluride Association of REALTORS adopted this idea in 2002 and set up their own approved First Time Homebuyers Assistance Fund.
The fund is controlled and administered by the Telluride Association of REALTORS. The Fund was established for the purposes of facilitating and increasing housing opportunities within the local region served by TAR. Participating brokers give back to their community by donating a portion of each closing along with the cooperation of Alpine Title & Land Title Guarantee Co. to the Telluride Association of REALTORS First Time Homebuyers Assistance Fund.
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PURPOSE OF THE FUND
The purpose of the Fund is “To provide financial resources to individuals and families in need of financial assistance as first time homebuyers and to assist in home ownership opportunities within the local region served by the Telluride Association of REALTORS.” Applications are due to the TAR Office 28 days prior to the closing date and no later than the last Wednesday of the month. (For example, if you close on August 25th, your application would be due no later than the last Wednesday in July. The earlier you bring in your application, the better.) All Applicants are encouraged to apply and please call the TAR office with any questions.
RECIPIENTS
Distribution of the Telluride Association of REALTORS First Time Homebuyers Assistance Fund dollars will be made on an ongoing basis. The Board of Directors of the Telluride Association of REALTORS has established guidelines for granting funds to individuals and families. The Telluride Association of REALTORS First Time Homebuyers Fund Committee is made up of members of the TAR Board of Directors.