The National Association of Realtors® Partner with National Community Stabilization Trust to Revitalize Neighborhoods Wracked by Foreclosures
By Josh Gonzalez
(Coldwell Banker Prime Properties)
The National Association of Realtors® has joined forces with the National Community Stabilization Trust to help rebuild American communities devastated by the foreclosure crisis. The collaboration will bring Realtors and the more than 1,400 state and local Realtor® associations into a side-by-side relationship with leading national nonprofits, as well as with state and local leaders, to develop comprehensive and targeted plans to rebuild communities. The partnership was made possible by the new federal Neighborhood Stabilization Program, which provides $6 billion to reclaim neighborhoods wracked by high levels of foreclosed and abandoned property, property disinvestment, extremely low prices and low resident confidence. "Realtors® build communities and have the market expertise and pro...
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