NAR Working to Rebuild Communities Devastated by Foreclosure

Author: NAR
Source: NAR
Topic: General

NAR joined forces with the National Community Stabilization Trust to help communities devastated by the foreclosure crisis. Realtors and state and local Realtor associations in a side-by-side relationship with leading national nonprofits will 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. Continue reading.