About NCST

About NCST

We are a non-profit organization focused on accelerating revitalization in our nation’s left behind neighborhoods. We collaborate with local partners and national stakeholders to return distressed residential properties to a productive re-use.

About NCST

About NCST

We are a non-profit organization focused on accelerating revitalization in our nation’s left behind neighborhoods by collaborating with local partners and national stakeholders to return distressed residential properties to a productive re-use.

About NCST

About NCST

We are a non-profit organization focused on accelerating revitalization in our nation’s left behind neighborhoods by collaborating with local partners and national stakeholders to return distressed residential properties to a productive re-use.

Property
Aquisition

We link the distressed inventories, both property and notes, of financial institutions (Sellers) with local housing providers.

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REO
Match®

Our web-based property transaction and mapping portal brings a high tech touch to the art of neighborhood stabilization.

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REO
Capital Fund

Our network of participating community development financial institutions (CDFIs) provides financing for the acquisition and rehabilitation of distressed properties.

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Recent Press

FHFA Announces Expansion of Neighborhood Stabilization Initiative

The Federal Housing Finance Agency (FHFA) announced an expansion of the Neighborhood Stabilization Initiative (NSI) to 18 additional metropolitan areas around the country. Effective December 1, local community organizations will be given the opportunity to review and purchase foreclosed properties owned by Fannie Mae or Freddie Mac in these 18 additional metropolitan areas prior to these properties being made publicly available for purchase. Sales prices will vary from market to market.

NSI was jointly developed by FHFA, Fannie Mae and Freddie Mac and involves a partnership with Fannie Mae and Freddie Mac and the National Community Stabilization Trust (NCST). The pilot, launched initially in Detroit, Michigan in May 2014, was extended earlier this year to Cook County, Illinois. Based on the lessons learned from the pilot, Fannie Mae and Freddie Mac will continue their work with NCST to focus on disposition of real estate owned (REO) properties in ways that place a priority on stabilizing neighborhoods.

Success Stories

H.I.P. - Housing Initiative Partnership - 2

Suitland, MD
This property was a haven for drug activity with a notorious reputation in the neighborhood. There was little that the active Neighborhood Watch could do but constantly call the police. During...