Mission / Vision
The National Community Stabilization Trust ('Stabilization Trust') creates a bridge between financial institutions and state and local government agencies implementing neighborhood stabilization programs. By coordinating the transfer of foreclosed and abandoned property from financial institutions nationwide (lenders, loan servicers, investors and GSEs) to local housing organizations, the Stabilization Trust is able to facilitate the productive reuse of property and the stabilization of distressed neighborhoods. The Stabilization Trust ensures that these properties are returned to the stock of ownership and rental housing available primarily for low and moderate‐income families.
Goals:
The Stabilization Trust is focused on helping financial institutions, local government and nonprofits implement strategic, sustainable efforts to ensure the success of local neighborhood stabilization programs. The Stabilization Trust supports neighborhood stabilization through key four key activities:
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Transfer foreclosed properties to local housing providers. The Stabilization Trust’s REO Property Acquisition Program creates a systematic, predictable, and scalable process for the transfer of foreclosed properties from financial institutions to state and local governments and non-profit housing organizations.
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Provide financing to support local efforts. The Stabilization Trust’s REO Capital Fund aggregates capital from governmental, private philanthropic and social investment sources to support financing needs of local community stabilization programs.
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Increase capacity and support local collaborations. The Stabilization Trust works with state and local governments, HUD, and local non-profit and private sector organizations to help build capacity to effectively acquire, manage, rehabilitate and deliver REO properties to new owners and renters.
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Serve as a national voice. The Stabilization Trust provides a national “voice”, on behalf of its six sponsor organizations and the broader housing community focused on transformative strategies for foreclosed and abandoned housing, to solve program, policy and resource issues related to implementing neighborhood stabilization programs.
