NCST supports neighborhood revitalization through innovative programs, services and tools – including Property Acquisition, technology tools such as REOMatch ®, and funding sources through the REO Capital Fund.
Program Principles:
- Concentration is key for effective neighborhood stabilization efforts.
- Coordinated participation from all mortgage servicers gives community leaders a better chance to create solutions to revitalize left-behind neighborhoods.
- Local governments and non-profit organizations benefit from lower acquisition costs and decreased competition for REO properties and distressed assets when they are transferred through NCST.
- A stabilized neighborhood benefits all property holders – homeowners, renters, servicers and investors.