April 23, 2012
Rebuilding Together, NeighborWorks America and the National Community Stabilization Trust have joined together in a new three-year collaboration to support homeownership and sustainable communities across the country through the rehabilitation of vacant Real Estate Owned (REO) properties.
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November 15, 2010
HUD and the National Community Stabilization Trust announced they will invest more than $4 million to provide permanent homes to 37 Alabama families who were displaced from Hurricane Katrina in 2005.
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September 01, 2010
Secretary Shaun Donovan announces the National First Look Program with the Stabilization Trust, the first ever partnership of its kind for the U.S. Department of Housing and Urban Development.
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July 20, 2010
Habitat for Humanity and the Stabilization Trust partner to help rebuild communities hit by the foreclosure crisis.Habitat for Humanity and the Stabilization Trust partner to help rebuild communities hit by the foreclosure crisis.
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January 26, 2010
Nationwide Initiative connects State and Local Realtor® Boards to local neighborhood stabilization efforts.
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August 27, 2009
Leaders from the nonprofit sector, philanthropic community, financial industry and government join forces to launch the National Community Stabilization Trust.
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The Roots Community of Growth
November 2012
Collaborative alliances with nonprofits are helping America’s neighborhoods plant the seeds for a fruitful future.
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Toward Sustainable Housing Solutions for America’s Homeless Veterans
September 25, 2012
Citi Blog
A coalition of committed public, private and nonprofit sector leaders joined together at the 2012 Veteran Access to Housing Summit to shared ideas about how to end veteran homelessness.
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Twin Cities Organization Expands Role of Land Banks
April 2012
Publication of the Community Development Department of the Federal Reserve Bank of Minneapolis
Through its acquisition, community lending, and land-banking programs, Twin Cities Community Land Bank is contributing to the Minneapolis-St. Paul area's foreclosure recovery efforts.
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Neighborhood Stabilization: A Nationwide Community Effort
September 16, 2011
DSNews
Nonprofit housing organizations are partnering up with lenders and government agencies to minimize neighborhood blight caused by vacant foreclosed properties and, when possible put those homes back into the hands of responsible borrowers.
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Rehab-Resale Program Increases Minneapolis Home Values
May 03, 2011
Finance & Commerce
In the Camden, North, Phillips and Powderhorn neighborhoods - target areas for Neighborhood Stabilization Program acquisition and rehabiliation activities - property values are on the rise, even as the Minneapolis market as a whole stays flat.
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AZ Pilot Program Uses Unlikely Partners to Increase Valley Homeownership
March 25, 2011
abc15.com
MESA, AZ - A pilot program is aimed at helping people own a home in the Valley with what might seem like unlikely partners.
Investors, who are typically not as welcome in neighborhoods compared to an owner occupant, might be the key to stabilizing neighborhoods and helping the dream of homeownership come true for many.
The program, through the Neighborhood Community Stabilization Trust , is working with investors who get first shot at buying the homes before they go on the open market. They then go in and rehab the homes to above-market value. The catch is they can’t rent them, and they can only sell them to owner occupants.
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Foreclosures Could Claim More Than 1 Million Homes in 2010
July 15, 2010
Realty Trac projects that more than a million homes may be lost to foreclosure in 2010, eclipsing the total number of foreclosures in 2009.
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Using Stimulus Funds, Capital-Area Project to Renovate Homes
September 29, 2009
Sacramento Housing and Redevelopment Authority launches its Property Recycling Program in partnership with the National Community Stabilization Trust.
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National Collaboration Turns Foreclosures Into Opportunities
September 10, 2009
Leading national non-profit community development intermediaries collaborate to launch the National Community Stabilization Trust.
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Collaborative Trust Aims to Rebuild Foreclosure-Ravaged Neighborhoods
August 31, 2009
Coverage on the National Community Stabilization Trust launch and early results
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National Collaboration Turns Foreclosures Into Opportunities
August 27, 2009
Leaders from the nonprofit sector, philanthropic community, financial industry and government collaborate on innovative approaches to reclaim neighborhoods.
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Creative New Venture to Help Communities Revitalize Neighborhoods Hit Hard by Foreclosures
May 19, 2009
Overview of the National Community Stabilization Trust and the MacArthur and Ford Foundations' joint funding of start-up capital
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Ford Foundation Aids In Solving Mortgage Crisis
May 06, 2009
NPR's Morning Edition covers the Ford Foundation's $50 million donation to the National Community Stabilization Trust
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Foundation Backs Foreclosure Project
May 01, 2009
The Ford Foundation pledges support to a new nonprofit venture that will help municipalities buy foreclosed homes from financial institutions.
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To Help Stabilize Neighborhoods, Nonprofits get First Look at Foreclosed Property
April 07, 2009
The National Community Stabilization Trust pilots its ‘First Look’ program in the Twin Cities.
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One Nonprofit’s Solution To Housing Foreclosures
April 01, 2009
New strategies for non-profits and municipalities to buying foreclosed properties
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Making NSP Work
ShelterForce: Fall 2010
Despite critiques, NSP is a powerful program that, with a few years under its belt and the help of “first look” programs, can move beyond its slow start and make a major difference.
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Getting to Scale with Neighborhood Stabilization
The Top Seven Strategies to Increase Impact for NSP Grantees
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CoreLogic Reports Shadow Inventory Continues to Decline
June 22, 2011
CoreLogic, a leading provider of information, analytics and business services, reported today that the current residential shadow inventory as of April 2011 declined to 1.7 million units, representing a five months’ supply. This is down from 1.9 million units, also a five months’ supply, from a year ago. The decline was due to fewer new delinquencies and the high level of distressed sales, which helped reduce the number of outstanding distressed loans.
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Foreclosure Activity at 40-Month Low
May 10, 2011
RealtyTrac®
U.S. Foreclosure activity hits 40-month low after a jump in March. However, the slowdown is more a result of processing delays than an improvement in the market.
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St. Paul and Uncle Sam give homeowner a helping hand
March 15, 2011
Star Tribune
St. Paul has sold its first home -- to El Salvadoran refugee Maria Villeda -- under Neighborhood Stabilization Program to counter foreclosures.
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Foreclosures Frozen in February
March 09, 2011
RealtyTrac®,
Activity Down 27 Percent from Year Ago, At Lowest Level Since February 2008; Defaults, Scheduled Auctions and REOs All Hit 12-Month Lows
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Bringing Stability Back to Chicago Lawn
March 02, 2011
ChicagoMag.com
How Mercy Portfolio Services is turning around a Southwest Chicago neighborhood using Neighborhood Stabilization Program funds.
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