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Foreclosure Update: The National Community Stabilization Trust

This Spring 2009 article is about a national initiative that has been developed to assist localities in acquiring and redeveloping foreclosed and abandoned properties. This is known as the National Community Stabilization Trust (the Trust). It discusses the partners of the Trust and the mechanisms it has developed to deal with the REO properties on a local level.

SOURCE: Community Investments by the Federal Reserve Bank of San Francisco