What is the National Community Stabilization Trust?
The Stabilization Trust is an unprecedented collaboration of five leading community development nonprofit organizations – Enterprise Community Partners, the Housing Partnership Network, the Local Initiatives Support Corporation (LISC), National Urban League, and NeighborWorks America. The goal of the Stabilization Trust is to link financial institutions with local housing providers to help stem the decline of communities with high concentrations of vacant and foreclosed properties. The Stabilization Trust facilitates the transfer of foreclosed and abandoned property from financial institutions to states and localities to promote productive property reuse and neighborhood stability.
