National Coalition of Homeless Veterans
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Background | Housing Portal | Corporate Connection

The recent economic and foreclosure crisis has had a devastating impact on many neighborhoods due to volumes of vacant and abandoned properties. According to RealtyTrac, 1,512,936 homes reside in foreclosure across the United States. Furthermore, according to the Census Bureau, non-seasonal vacant properties have increased 51 percent nationally over the last decade to 10 million vacant lots in 2010.

In response, the Department of Housing and Urban Development created the Neighborhood Stabilization Program (NSP), driven by $7 billion in federal funds. NSP has re-invigorated the Community Development movement, resulting in thousands of nonprofit organizations that are using sources of public, private and philanthropic capital to remediate foreclosed properties.

There are several methods to secure foreclosed and vacant homes for your nonprofit organization. This template will primarily focus on securing real estate owned (REO) properties.

(Note: NCHV recommends consulting with real estate and legal professionals before pursuing a housing initiative.)

Explore the Housing Portal:

  1. Introduction
  2. Background (Current Section)
    1. REO Properties
    2. REO Buying Checklist
  3. Organizational Fit
  4. Partners in Veterans Housing
  5. Next Steps

1730 M Street NW, Suite 705  |  Washington, DC  |  20036  |  t-f. 1.800.VET.HELP  |  v. 202.546.1969  |  f. 202.546.2063  |