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NCST’s work increases access to homeownership, promotes resilient neighborhoods, and advances racial equity by advocating for policy change.
Christopher Tyson, president of the National Community Stabilization Trust (NCST) spoke to Mortgage Professional America about the group’s vision of mass rehabilitation of homes to address the supply-side facet of the housing crisis. The non-profit’s initiative emerges amid a housing landscape lacking some 3.8 million homes of a sufficient supply nationally.
There is no panacea as it relates to the housing shortage. Yet one prominent non-profit has implemented something of a full court press in promoting the rehabilitation of existing stock – a full 10% of which comprises vacant structures – to create affordable housing.
The full article can be found HERE