NEW ORLEANS - The National Association of Real Estate Brokers has launched an $800 million program aimed at addressing the effects of the mortgage crisis on minority families and their communities, The Associated Press reported Monday.

The announcement was made at the group’s annual conference in New Orleans during its State of Housing in Black America forum.

Through the program, the association and its partners will provide an infrastructure to acquire, manage, market and dispose of non-performing loans in urban and rural communities across America.

Investors have committed to providing the initial capital for the purchase of non-performing loans and other assets of up to $200 million per quarter.