The U.S. housing market remains extremely uneven. While some areas have rebounded significantly from the recession and have a robust housing market, others – especially communities of color, lower-income areas, and cities where economic activity remains depressed – continue to grapple with high rates of vacant and distressed properties that weaken nearby home values, create health and safety risks, lower local tax revenues, and thwart neighborhood revitalization. NCST is a non-profit organization that works to restore vacant properties to productive use and protect neighborhoods from blight. Our programs facilitate the rehabilitation of vacant but structurally sound homes, enable safe, targeted demolition when needed, and support productive re-use of vacant land. We support neighborhoods and fight blight: - Provide community buyers an opportunity to acquire vacant and distressed properties as part of a neighborhood revitalization strategy. - Partner with Fannie Mae and Freddie Mac in their Neighborhood Stabilization Initiative. The NSI partnership offers Fannie and Freddie REO properties to local housing and community development orgs in 18 strategic markets. - Own and manage distressed mortgages through The ReClaim Project. Along with HPN we manage a portfolio of highly distressed mortgages to resolve delinquencies, assist homeowners, and prepare vacant properties for productive disposition. - Work with policymakers and serve as an advocate. Along with many national and local partners, including our six sponsors, we research solutions and advocate for policies to help communities address blight and high rates of vacant, abandoned, and distressed properties. - Offer financing to support local housing work. Our REO Capital Fund aggregates capital from philanthropic and social investment sources to provide flexible financing. For more information about NCST, visit StabilizationTrust.org.
