National Community Stabilization Trust Appoints New President

Posted by Patrick Barnard on May 18, 2015 No Comments
Categories : Residential Mortgage

Robert Grossinger has been named president of the National Community Stabilization Trust (NCST), effective immediately.

In this role, Grossinger will continue to move the organization's market-relevant housing strategies forward while increasing its focus on markets that are still struggling to see a housing and economic recovery.

Further, he will collaborate with a number of varied industry partners – including federal government policymakers, local community leaders and high-profile financial institutions – to address the needs of the markets that are still struggling to stabilize.

Previously, Grossinger served as vice president for Enterprise Community Partners. Prior to that, he served as senior vice president for Bank of America's corporate social responsibility group, which is focused on the bank's neighborhood stabilization efforts.

‘Rob's depth of experience in the community development and financial industries will serve NCST well at this pivotal time,’ says Ed Jacob, NCST board chair and past executive director of the Neighborhood Housing Services of Chicago. ‘The work of NCST is not done; too many boarded-up homes remain in our communities. Rob has the tenacity and vision to continue our path forward.’

‘The foreclosure crisis may be winding down, but distressed real estate and lack of capital still hinder recovery in many markets. The NCST team, working closely with other national nonprofit organizations, must focus in these markets. We must offer even more holistic solutions, such as the purchase of nonperforming mortgage notes, expanding the use of faster REO property solutions and increasing access to development financing,’ says Grossinger.

Grossinger succeeds Craig Nickerson, who joined the nonprofit intermediary at its founding at the start of the 2008 housing crisis. Nickerson is retiring after 45 years in the housing and community development arena.

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