NCST serves as an advocate for neighborhood stabilization and blight remediation, and as such, we release articles and also share in press stories with our buyers and sellers to help call attention to their efforts, and to bring more understanding to the continued need for revitalizing our nation’s most vulnerable communities.
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Live Free and Die
A new startup will buy seniors’ homes—and let them live there for life. Is Grandma having trouble with her property taxes? A new Manhattan-based startup wants to buy her house and let her live there, for free, for the rest of her life. This makes sense as…
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In Georgia, Sean Hannity is just another landlord hiking the rent
Fox News host Sean Hannity is one of the most recognizable media figures in America. He has the ear of President Trump. His show is one of the most popular on cable news. But you wouldn’t know it from talking to the tenants at the Meadows, a…
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Supply, Supply, Supply
The only three things that mattered in real estate used to be location, location, location. But these days, it’s supply, supply, supply. Recent headlines echo the same news – “home prices are surging as the housing supply shrinks.” Read more here, and here, and here, and here….
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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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