NCST Property Acquisition Planning Form - NeighborWorks Network
NeighborWorks Network Members interested in acquiring REO properties through the National Community Stabilization Trust are encouraged to take the following steps:
- Complete and return attached Property Acquisition Planning form to Heather Newell.
- Attend a NCST orientation and REOMatch training!
NOTE: THIS OPPORTUNITY IS EXCLUSIVELY AVAILABLE TO CHARTERED MEMBERS OF THE NEIGHBORWORKS® AMERICA NETWORK
National Community Stabilization Trust:
Heather Newell, Community Development Specialist, email@example.com, (214) 710-3407
Ascala Sisk, Management Consultant, Community Stabilization, firstname.lastname@example.org (202) 220-2458
About the Stabilization Trust:
The Stabilization Trust was created to facilitate the productive acquisition, renovation and reuse of properties to stabilize distressed neighborhoods. By coordinating the transfer of foreclosed and abandoned properties from key financial institutions nationwide (lenders, loan servicers, private investors and GSEs) to local housing providers, the Stabilization Trust is able to ensure distressed properties are returned to the stock of housing available primarily for low- and moderate‐income families. The Stabilization Trust also provides short-term financing for property acquisition and rehabilitation through its REO Capital Fund.
The Stabilization Trust was created in 2008 by an unprecedented collaboration between Enterprise Community Partners, the Housing Partnership Network, the Local Initiatives Support Corporation (LISC), National Council of La Raza (NCLR), National Urban League, and NeighborWorks America.
SOURCE: NeighborWorks America and National Community Stabilization Trust