Our Story

The Colorado Association of REALTORS® Foundation (CARF) story dates back to two preceding and longstanding nonprofit philanthropic foundations associated with the Colorado Association of REALTORS® (CAR): the CAR Educational Foundation created in 1960 and the Colorado Association of REALTORS® Housing Opportunity Foundation (CARHOF), established in 1991.

The CAR Educational Foundation was created to further real estate education and research in the State of Colorado. Its grant making has focused on educating the general public about real estate issues and promoting down payment assistance programs to encourage homeownership.

CARHOF was established in 1991, with grant funding beginning in 1993, to assist with safe and affordable housing needs across Colorado. CARHOF grant monies came from Colorado REALTOR® brokers and title companies who invested their clients’ earnest money in interest bearing escrow accounts.

The interest earnings were then donated to CARHOF. Today, hundreds of Colorado brokers and title companies support CARF with interest earning contributions from escrow accounts.

In 2018, The Colorado Association of REALTORS® Foundation was established bringing together under one philanthropic foundation the educational work of CAR’s Educational Foundation and the housing assistance support of CARHOF. At that time, CARF adopted a third area of program support in response to the devastating fires and floods that plagued Colorado in 2013 and 2014: housing-related disaster relief assistance.

Today, CARF remains the philanthropic and community engagement arm of Colorado REALTORS® — the largest voluntary trade organization in the state – and the broader real estate industry, providing opportunities for REALTORS®, real estate agencies, title companies, builders and other affinity partners to join its efforts to advance safe and affordable housing programs, educate consumers about homeownership and provide disaster relief assistance to neighbors in need.


Our Impact

CARF has invested more than $7.7 million over 25 years to support Colorado nonprofits that encourage safe and affordable housing, promote homeownership and provide disaster relief to Coloradans.

Hundreds of Colorado nonprofits and tens of thousands of Colorado residents have directly benefited from housing and down payment assistance programs supported by CARHOF, Educational Foundation and CARF grants.

CARF’s housing related grant recipients include (representative sample):