RTLB established the Community Stabilization Program in 2010 for the purpose of stabilizing rapidly declining property values in some of the hardest hit communities across the state of California in response to the recent recession and real estate market downturn. Through collaborations with Chase Bank and the National Community Stabilization Trust, RTLB has successfully rehabilitated hundreds of properties statewide. In addition, RTLB remains dedicated to ensuring that the properties are sold to qualifying low-to-moderate income buyers, while utilizing local contractors, suppliers, vendors and real estate professionals in the communities in which the program serves.
To date, RTLB has completed over $12 million in rehabilitation, repair and energy efficiency upgrades through the Community Stabilization Program. These efforts have resulted in an average increase of just over 15% in market value for each property RTLB has successfully acquired, rehabilitated and sold. Through the Community Stabilization Program, RTLB is making a demonstrable and sustaining impact on residential property values statewide in the low-to-moderate income communities it serves. For more information on the Community Stabilization Program, please contact us.