National Coalition of Homeless Veterans
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Organizational Fit | Housing Portal | Corporate Connection

Before pursuing purchasing or seeking REO properties for your organization, it is important to produce an internal analysis and determine if your organization is a proper fit for this solution.

There are many resources throughout this template that will help you reach your housing goals; however, it is important to understand how your organization will be getting involved and what you can provide. Talking with a legal professional as well as financial and housing professionals will help guide your organization. 

One critical aspect of any housing program is fundraising. As discussed at the Veterans Access to Housing Summit, fundraising is an essential aspect that needs to be considered in any plan.

Some additional questions to consider:

  • How much staff time is available to work on this project?
  • Do I have the expertise and experience on staff to fully implement this project?
  • What available capital and funding do I have to purchase, renovate, and provide general upkeep for purchased properties? How much would I need to fundraise and secure through loans and grants to move forward?
  • Does acquiring and managing property serve my mission?
  • Am I connected to the local Continuum of Care (CoC), public housing agency, VA Medical Center, and others engaged in housing homeless veterans?
  • How would my organization set up the veteran for long-term success in the house?
  • Does the Board of Directors support the project?
  • What organizations in my community are already performing similar work? How could my organization complement ongoing projects?

These are simply a few items to consider before moving ahead in securing REO property. Additional questions specific to each organization may also need to be discussed and considered before starting any program focused on purchasing foreclosed and vacant properties. 

Additionally, Corporation for Supportive Housing (CSH) has some tips to be successful. This includes:

  • Sufficient capital financing
  • Strong developer, property manager, and service provider to work with.

In addition, CSH encourages organizations to seek foreclosed or abandoned property that have:

  • a substantially discounted purchase price;
  • access to alternative housing units for displaced tenants, if the property is not vacant;
  • a location convenient to public transportation, VA Medical Centers, grocery and other shopping, and neighborhood resources; and
  • access to operating subsidies, such as project-based housing vouchers and CoC subsidies.

For more information and guidance regarding permanent supportive housing or the work of CSH, contact Cindy Thomas at cindy.thomas@csh.org.

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Explore the Housing Portal:

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


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