We link the distressed inventories, both property and notes, of financial institutions (Sellers) with local housing providers.
Our web-based property transaction and mapping portal brings a high tech touch to the art of neighborhood stabilization.
Our network of participating community development financial institutions (CDFIs) provides financing for the acquisition and rehabilitation of distressed properties.
As many of you may know, the Department of Housing and Urban Development conducts bulk auctions of delinquent mortgages through a program called Distressed Asset Stabilization Program (DASP). Some DASP sales are large, national auctions, generally dominated by large, private bidders, and some are smaller pools, either pools requiring the winning bidder to achieve certain neighborhood-friendly outcomes or pools that are reserved for nonprofit bidders only.