National Community Stabilization Trust

National Community Stabilization Trust News

Grantees Launch Innovative Foreclosure Prevention Program

The U.S. Treasury has approved the launch of the Mortgage Resolution Fund developed by Mercy Portfolio Services, a nonprofit organization created with start-up funding from the Foundation. Read More

First Look Program to Help Stabilize Struggling Communities

The nation’s top mortgage lenders agreed to offer selected state and local governments and nonprofit organizations right of first refusal to purchase foreclosed homes. Read More
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Program-Related Investments

To expand the reach of its grantmaking, the MacArthur Foundation makes low-cost loans and equity investments, known as program-related investments, to support charitable organizations and activities. Read More

Federal Funds for Chicago Foreclosure Prevention and Mitigation

The City of Chicago received $98 million from the U.S. Department of Housing and Urban Development to expand a MacArthur-supported initiative launched last year to prevent and reduce foreclosures. Read More

Helping Communities Revitalize Neighborhoods Hit Hard by Foreclosures

The National Community Stabilization Trust, a new collaborative venture of nonprofit housing organizations, private philanthropies, and financial institutions announced the launch of its national effort. Read More

MacArthur Commits $68 Million to Foreclosure Prevention and Mitigation in Chicago

To help combat the growing lending crisis and the rise of foreclosures in Chicago, MacArthur is investing $68 million in grants and low-interest loans in foreclosure prevention and mitigation efforts in local neighborhoods. Read More

Remarks by Jonathan Fanton at the Announcement of the Foreclosure Prevention & Mitigation Project

MacArthur President Jonathan Fanton details the Foundation's commitment of at least $68 million dollars to keep homeowners in homes, assist renters displaced by foreclosure, and help the City of Chicago return foreclosed homes to the ... Read More