1. National Community Stabilization Trust (NCST)

The National Community Stabilization Trust (NCST) was created by six national affordable housing nonprofits (Enterprise, Housing Partnership Network, LISC, National Council of La Raza, National Urban League, NeighborWorks America). NCST provides “First Look” access to Bank REO properties for eligible nonprofit developers. The nature of the program allows the nonprofit developers to inspect Bank REO properties prior to them being listed on the open market and purchase these properties at a discount. Currently, the following Banks/Servicers provide “First Look” access to NCST buyers: Fannie Mae, Freddie Mac, Bank of America, Chase, Citi, Wells Fargo, Saxon, Litton, and Quadrant. The local administering agent for NCST in Indianapolis (also a nonprofit) is interested in the demand level for this program statewide and would like to know your response to the following questions:

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* 1. Have you heard of National Community Stabilization Trust (NCST)?

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* 2. Would you be interested in learning more about the NCST program?

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* 3. Do you engage in property development? (acquisition/rehab or new development)

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* 4. Do you anticipate acquiring foreclosed property in the next 12 months?

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* 5. How many properties do you anticipate acquiring in the next 12 months?

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* 6. Did you receive an allocation of Neighborhood Stabilization Program (NSP) funds or a HOME Investments Partnership Program (HOME) award to acquire properties?

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* 7. Do you have other sources of funding to acquire properties?

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* 8. Do you think access to NCST would be an asset to your organization?

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* 9. If interested in learning more about NCST, please provide your contact information.

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