MBA Opens Doors Makes 100th Grant to Family in Need

WASHINGTON, D.C. (July 22, 2014) – Today, the MBA Opens Doors Foundation announced it had made its 100th grant to a family in need.  The Foundation is the Association's philanthropic entity dedicated to providing financial assistance to families with a critically ill or injured child by awarding grants toward a mortgage or rental payment.


“I am very proud that Opens Doors has reached this 100th grant milestone,” said Debra Still, Chairman of the MBA Opens Doors Foundation.  “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.”

Buoyed by more than 250 individual and corporate donors from the real estate finance community, and with MBA’s in-kind donations for all of the Foundation’s operating costs, Opens Doors is able to pass 100 percent of the donations it receives on to the families it supports.  The Foundation’s ongoing relationship with Washington, D.C.’s Children’s National Health System provides a partner health care organization to help identify potential grant recipients.

The MBA Opens Doors Foundation is a 501(c)(3) organization and all contributions are tax deductable.  For more information about the Foundation or to make a donation, please go to www.mbaopensdoors.org.

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The MBA Opens Doors Foundation was launched in October 2011, with an initial start-up contribution of $50,000 from the Mortgage Bankers Association and with MBA covering all administrative costs of the Foundation. The Foundation’s two initiatives assist families with critically ill or injured children by providing mortgage or rental assistance grants to help them keep their homes in the face of significant medical expenses. Having begun by serving families in the Washington, D.C. area, MBA Opens Doors has established a sound operational framework that will enable the Foundation to expand across the United States. Learn more at www.mbaopensdoors.org.