REO Capital Fund

Specialized Financing for Neighborhood Stabilization

The REO Capital Fund is the financing subsidiary of NCST. Through a network of participating community development financial institutions (CDFIs) and other community-based lenders, it provides financing for the acquisition and rehabilitation of distressed properties. Since 2009, the Fund has provided over $45 million of capital to non-profit and for-profit borrowers, helping more than 300 units of distressed housing return to productive use.

For community-based organizations, the REO Capital Fund can help finance the acquisition and rehabilitation of distressed properties to maximize your community revitalization efforts. For CDFIs and other community-focused lenders, the Fund can be a funding source, a liquidity provider, and a risk-management tool that makes it possible to significantly expand lending activity targeted to distressed neighborhoods. Borrowers can use the Fund as a primary source of financing or to complement other existing funding.

If your organization is engaged in acquisition and rehabilitation of distressed single-family property, and you are interested in additional information, please contact NCST. We can also assist you with finding a participating lender through which the Fund's financing may be available.

We encourage you to also contact the Opportunity Finance Network and the US Treasury CDFI.


The REO Capital Fund is made possible by a generous program-related investment from the Ford Foundation. With support from the Fund, participating lenders can in turn offer community-based organizations flexible financing for the acquisition and rehabilitation of distressed single-family homes.

Success Stories

Centreville, Maryland - Hogar Hispano, Inc.

Hogar Hispano, Inc. purchased this Maryland single-family home and transformed it with more than $21,000 in rehabilitation to a family-ready home for a buyer who was at 67% of AMI. The family wanted to have their own place with a yard to call home for their children.