MBA foundation helps families in need

by MPA22 Jul 2014
The Mortgage Bankers Association’s MBA Opens Doors Foundation recently made its 100th grant to a family in need. The foundation provides assistance to families with an ill or injured child by awarding grants toward mortgage or rent payments.

“I am very proud that Opens Doors has reached this 100th grant milestone,” said foundation chair Debra Still. “Now that our program has expanded to include rental payments as well as mortgage grants, we are even better positioned to assist families in times of great financial stress, when parents need to be completely focused on the care of their children. With nearly a half million dollars in donations collected, Opens Doors is a wonderful way for the real estate finance community to give back to those in need and demonstrate our commitment to sustainable housing.”

The foundation is supported by more than 250 individual and corporate donors from the real-estate finance industry, as well as in-kind donations from the MBA for all of its operating costs. Because of the MBA’s in-kind giving, the foundation is able to pass 100% of its donations on to families in need.



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