Xome® Joins with the National Community Stabilization Trust to Expand Access to Affordable Housing
Xome has partnered with the National Community Stabilization Trust (NCST) to enhance access to affordable housing in the U.S. This collaboration allows mission-driven buyers exclusive first-look access to properties on Xome.com, assisting in the revitalization of homes for low-to-moderate income families. The program aims to align with the White House's goal of creating and selling 100,000 properties to eligible buyers over three years. With targeted marketing campaigns and the ability to inspect vacant properties, this initiative promotes sustainable homeownership.
- Collaboration with NCST to expand affordable housing access.
- Exclusive first-look access for mission-driven buyers enhances property acquisition.
- Aims to create and sell 100,000 properties to promote homeownership.
- None.
Mission-driven buyers dedicated to creating more affordable housing will have exclusive first-look access to properties listed on Xome.com
Xome’s strategic alliance with NCST aligns with the affordable housing priorities set forth by The
“We’re slowly moving toward a housing crisis in this country where families, especially in low-income areas, are shut out from owning a home. By joining forces with NCST, Xome has a real opportunity to reverse this trend and provide entities looking to expand affordable housing a leg up on purchasing potential properties in our marketplace listings,” said
NCST’s First Look program will now give eligible buyers the ability to acquire recently foreclosed properties on Xome.com before they are listed for sale through traditional means. Properties that are vacant will be allowed to be inspected in some situations, expanding the accessibility of Xome’s inventory. Linking NCST to Xome inventory gives mission-driven buyers the ability to rehabilitate homes at larger scale. To date, NCST has returned 27,000 distressed properties to productive use in communities across the country.
“NCST’s innovative alliance with Xome will give our non-profit developer partners new opportunities to stabilize neighborhoods and create affordable and sustainable homeownership for families,” said
The program will also include targeted marketing campaigns. Xome has an established marketplace with an extensive buyer pool and receives on average nearly 2 million unique site visits each month. Xome will create targeted marketing campaigns for owner occupants, government entities, and other mission-driven buyers. Xome and NCST look forward to working together to facilitate the Administration’s goal of increasing the supply of affordable and quality single-family homes.
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FAQ
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