National Community Stabilization Trust News
Return to the National Community Stabilization Trust
August 1, 2011 -
Publication
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. With $100 million in funding from the Illinois ... Read More
September 30, 2010 -
From the field
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
May 1, 2010 -
Info sheet
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
January 28, 2010 -
From the field
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
May 19, 2009 -
Press release
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
October 15, 2008 -
Press release
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
October 15, 2008 -
Speech
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