The trustees of the Issues Mobilization Political Action
Committee (IMPAC) of the California Association of Realtors (CAR) recently
approved a $25,000 grant to the Housing Trust of Santa Clara County. Their
gift, the first of its kind by CAR, is in response to a proposal and
presentation submitted to them by the Santa Clara County Association of
Realtors (SCCAOR), who, earlier this year, made a pledge of $50,000 to the
Trust.
"We invited CAR to partner with us, and turn our mutual concerns into
practical, powerful and effective action. CAR's grant sends an important
message to associations and smaller corporation across the state-that we all
have an important role to play in addressing our community's worsening
housing crisis," said Carl San Miguel, SCCAOR President.
The Housing Trust is a broad-based working coalition of more than 70 public
and private sector housing leaders, lenders, environmental organizations,
city and county officials dedicated to building a revolving loan fund and
grant making program, complementing and leveraging other housing resources;
thereby providing housing for the homeless, affordable rental housing for
families and individuals, and first-time home buyer's assistance. "We are
excited to be able to participate in this innovative public/private
partnership," said CAR President Richard F. Gaylord. "The IMPAC
contribution is one more step toward solving housing affordability issues
facing job-rich Silicon Valley."
The Trust Fund's two-year fund raising campaign was formally kicked off in
July 1999 - their goal is to raise $20 million. The $20 million fund will
focus on three areas:
