News

  • April is National Financial Literacy Month

    April is National Financial Literacy Month and it’s a great time to focus on ways to help educate clients (and ourselves) about personal financial health. Many of NCST’s community buyers offer counseling to help their clients sort through financial difficulties that affect their daily lives as financial…

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  • Land Bank and Habitat revive zombie property

    A new Schenectady police officer will soon move into a newly renovated home, thanks to a partnership between the Capital Region Land Bank and Habitat for Humanity. The home, at 906 Pennsylvania Ave., was sold to Andre Alert, a new recruit in the Schenectady police department. It…

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  • Insights Gained Through Annual Buyer Survey

    NCST continues our journey – now in our 10th year and more than 24,000 properties later – assisting community buyers in their endeavors to purchase and rehabilitate REO properties, key to restoring vulnerable neighborhoods and preserving affordable housing. We constantly seek ways to improve our programs and…

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  • Wall Street Snaps Up Cheap Single-Family Rentals

    For Invitation Homes Inc., the U.S. landlord built by Blackstone Group LP, the 220 houses it owned in working-class areas around Atlanta were outliers, filled primarily with low-income tenants paying rents well below those at its other properties. For another company with big private equity ties, the…

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  • Partnership Formed to Acquire Fannie Mae Nonperforming Loans

    NCST recently joined two other major nonprofit organizations – New Jersey Community Capital (NJCC) and Hogar Hispano, Inc – in a formal partnership created to purchase nonperforming loans from Fannie Mae. Two weeks ago, we closed on a pool of nonperforming loans auctioned by Fannie Mae through…

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  • How Do We Think about Neighborhood Revitalization in 2018?

    Happy New Year to all! As I looked over my 2017 New Year’s message, I realized I could cut and paste that year’s message and it would work perfectly. The good news is that we’re all still here and working on our common issues. The bad news…

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  • Celebrating Our Shared Successes

    When we find ourselves immersed in the daily tasks related to the hard work of reclaiming foreclosed homes and returning them to productive use, it’s always inspiring to take a step back, look at our accomplishments, and see how we’re making a difference. On November 20, 2017,…

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  • NCST Partners with Freddie Mac and Fannie Mae in the NSI – Expanded to 10 New MSAs

    NCST is pleased to announce that the Neighborhood Stabilization Initiative (NSI) partnership with Fannie Mae and Freddie Mac has been expanded to 10 additional markets. NSI will now operate in a total of 28 markets with large concentrations of distressed and low-value REO inventory. The 10 new…

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  • Hurricane Harvey and Housing

    Nature’s fury is a concept we all understand, but it’s only when those forces are unleashed for all to see that we know the true extent of the destruction possible. We have watched, shocked, as those caught in the path of Hurricane Harvey fought to survive and…

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  • Here’s what it looks like when the foreclosure ‘pig’ moves through the housing-crisis ‘python’

    While much of the U.S. housing market has been repaired since the end of the Great Recession, “in many neighborhoods,” according to advocates, “the foreclosure crisis isn’t over yet. As the effects of the housing crisis further recede, markers of distress are declining, with one notable exception:…

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