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REALTORS® 29th Annual Christmas CanTree

2011 CanTree Logo

County Supervisor Roberta MacGlashan will help the Sacramento Association of REALTORS® celebrate the 29th year of CanTree.

Each year, local REALTORS® build “trees” entirely of canned goods to raise funds and awareness for the Salvation Army.

On November 21 and 22, the CanTrees will be constructed at The Secret Garden in Elk Grove and the Sunrise Mall. At the association’s Main Meeting on December 6, Supervisor MacGlashan will join hundreds of area REALTORS® as the check from this year’s fundraising efforts is presented to the Salvation Army.

The Christmas CanTree Project raised $80,000 in 2010. Since 1983, SAR has raised more than $2 million to feed Sacramento’s hungry citizens.

The food donated will be distributed to needy families and individuals through The Salvation Army’s Holiday Food Basket and year-round food assistance programs. More than 165,000 local individuals are expected to benefit from the food contributed through CanTree, according to The Salvation Army. CanTree is a critical factor in successfully feeding thousands of people at Christmas time.

The Christmas CanTree is sponsored by SAR, but many organizations and individuals contribute to its success through donations of food, money, or goods and services.

Schedule:

Continue reading: REALTORS® 29th Annual Christmas CanTree

KTXL FOX40 News Clip From the Elk Grove Christmas CanTree Build

Great Event this evening.

It was my pleasure to get to and kick off the event and introduce the Mayor of Elk Grove. What a great event, a real showcase for our efforts for this year once again… Thanks to all involved on behalf or our committee. Special Thanks to our own very talented Michelle Kloss for planning this event for our participation and to Deborah, Lily for helping us look so great in the eyes of this community!

Continue reading: KTXL FOX40 News Clip From the Elk Grove Christmas CanTree Build

ARRA tax credit monetization and neighborhood stabilization programs

Monetization of the $8000 first-time home buyer tax credit found in the American Recovery and Reinvestment Act of 2009 is a hot topic these days. The FHA we’ve learned has issued a mortgagee letter (2009-15) regarding monetization of the credit.  Roxanne Campanella a Senior Customer Liaison working out of the Sacramento HUD office talked about some of the difficulties in monetizing the tax credit as well as some of the incentives for doing so. She reiterated that regardless of whether the credit is monetized and used in the purchase transaction FHA rules still require a 3.5% down payment and the monetized tax credit could be layered on top of but not be used instead of the 3.5% down payment.

Continue reading: ARRA tax credit monetization and neighborhood stabilization programs