1. The Trusted Voice of San Diego Real Estate San Diego Association of REALTORS® Ambassadors Foundation “Everyday Heroes”

2. The Trusted Voice of San Diego Real Estate History Police retention problem High cost of living Low city wages Financial assistance programs attack the problem of housing affordability at its most basic level: the gap between what people can afford and prices on the market.

3. The Trusted Voice of San Diego Real Estate Goal Everyday Heroes to assist San Diego Police Department (SDPD) employees to become homeowners, providing them and their families a better quality of life as they become vested in homeownership in their surrounding communities. Provide officers who have served on the SDPD force from 2 to 5 years and who are first time homebuyers with the opportunity to achieve the American dream of homeownership.

4. The Trusted Voice of San Diego Real Estate How Provides interest rate buy-downs and/or mortgage insurance buy-outs for qualified officers.

5. The Trusted Voice of San Diego Real Estate Opportunity SDAR hopes to potentially expand funding to additional municipalities such as: –Firefighters –Teachers –Retired military personnel Create initiatives that in turn increase the affordable housing stock Create new public/private partnerships Implement successful local affordable housing strategies than can be shared with and replicated by other REALTOR® associations and the broader public Sustaining program with continual funding

6. The Trusted Voice of San Diego Real Estate Challenges City Funding Political Declining market guidelines and lender restrictions have halted low down payment conventional programs New lender approval of the Foundation (lengthy process)

7. The Trusted Voice of San Diego Real Estate Benefits to city More police – retention solution Safe communities Stimulated other groups

8. The Trusted Voice of San Diego Real Estate Benefits to Association a) Housing leadership role Creates initiatives that in turn increase the affordable housing stock b) Partnerships Creates new public/private partnerships o the affordable housing effort Community Housing Works Wells Fargo Bank Bank of America Sierra Pacific Mortgage Guild Mortgage c) Protecting Communities Helping local police officers buy homes ultimately helps our neighborhoods d) Model program for other AORs Local leaders gain national recognition of their local effort 2007 NAR presented the City of San Diego and SDAR with the Ambassadors for Cities designation. This was in recognition of excellence in promoting housing opportunities through public-private partnerships Publicity within the Realtor organization (website, magazines, conventions) e) Media f) Elected Officials Political involvement on federal/national level Creates opportunities to strengthen relationships with Elected Officials

9. The Trusted Voice of San Diego Real Estate Funding a)REALTOR® Member Contributions REALTOR® Dues Billing - SDAR solicits a voluntary contribution (from each its 11,000 members) Recognition Program – SDAR implemented higher levels of giving, i.e. $250, $500 and $1,000 to encourage greater participation as well as permitting such Realtors to be called “Ambassadors for San Diego”. b) Corporate Contributions Real Estate Companies Allied Industries Other non-profits and organizations c) Fundraising Efforts Annual Everyday Heroes 5K Walk Annual Everyday Heroes Golf Tournament/Live/Silent Auction Chili Cook-off

10. The Trusted Voice of San Diego Real Estate Community The Ambassadors Foundation has assisted 8 San Diego police officers to become homeowner in their local communities and therefore live in the neighborhoods they protect and serve. Since the launch of the Everyday Heroes in 2007, SDAR has raised $250,000.00 through golf tournaments, and member donations.

11. The Trusted Voice of San Diego Real Estate Application Process Complete application and submit to Ambassadors Foundation. SDAR Ambassadors Foundation Board reviews applications and invites applicants for interview. Second stage qualifiers are notified and choose an approved lender and REALTOR® to assist them in the home buying process. Those who do not qualify will be offered education and assistance to prepare them for future homeownership, including an introduction to similar organizations and programs within San Diego.

12. The Trusted Voice of San Diego Real Estate Thank You!