Industry Partners
The Realtor® Neighborhood Stabilization Project
In recognition of the serious need
across the country to arrest the foreclosure crisis, the National Association of Realtors® (NAR), in partnership with the National Community Stabilization Trust (Stabilization Trust) has launched a new initiative — The Realtor® Neighborhood Stabilization Project — to assist the nationwide network of 1400 state and local Realtor® Associations and boards in addressing foreclosures and neighborhood stabilization issues at the community level.
An extension of NAR’s Foreclosure Prevention and Response (FPR) program, the Realtor® Neighborhood Stabilization Project is a nationwide effort to have REALTO RS® take a more prominent and effective role in local planning and implementation of programs to revitalize neighborhoods devastated by foreclosures.
The Realtor® Neighborhood Stabilization Project is focused on the hardest hit foreclosure states but provides valuable information and guidance to REALTORS® everywhere. It brings REALTORS® and their state and local Associations into a side-by-side relationship with leading national nonprofits, as well as with state and local leaders, to develop and implement comprehensive and targeted plans to rebuild communities that have received NSP funding.
Activities Description
Continuing Education Courses: Through the Realtor® Neighborhood Stabilization Project, the National Association of Realtors and the National Community Stabilization Trust developed a two-hour CE class for real estate professionals in the State of Minnesota. The course introduces Realtors to tools and programs available to help stabilize their communities, work with local government and housing providers, and put homes back into the hands of stable homeowners.
NSP Expert Roundtables:A non-credited one-hour roundtable featuring experts implementing the Neighborhood Stabilization Program in their community. At the roundtable, real estate professionals hear from these key NSP players about their NSP program features and learn ways to get involved in the local stabilization effort.
Interactive Toolkit: To help REALTORS® get more involved in their own community’s foreclosure recovery efforts, NAR and the Stabilization Trust have created an online toolkit that will continue to evolve throughout the year. The toolkit provides:
• Links to interactive tools
• Information on federal funding available in their community
• Guides for planning and action at the local level
• Feature articles
• Examples of REALTOR® best practices in the neighborhood stabilization field
To view the toolkit, visit www.realtor.org/Foreclosure and click on the REALTOR® Neighborhood Stabilization Project link.
