Prop NS Program

The Prop NS Program stabilizes vacant residential buildings owned by the Land Reutilization Authority as a first step toward subsequent sale and full rehab.

Process Overview

  • Nominations are received from general public (city residents, business owners, and community stake-holders).
  • Each nominated property is inspected by Prop NS team.
  • Candidate properties are reviewed by the Stabilization Advisory Committee (SAC).
  • The Board of the Land Reutilization Authority receives SAC's recommendations, and votes to fund or withhold funding for each property.
  • Upon completion of stabilization, properties are auctioned off individually, to the highest bidder with capacity to bring property up to code within 24 months. 

About Prop NS

The Prop NS Program is a strategic initiative with a goal of stabilizing, securing, and selling vacant residential buildings owned by the City of St. Louis Land Reutilization Authority (LRA). The program was established by a community-initiated and voter-approved ordinance to create a dedicated source of funding to make it possible for LRA to improve properties within the City’s landbank of vacant buildings. This investment is intended to increase the likelihood that these properties will be purchased by private parties who will then finish their rehab and transform current deteriorating buildings into decent housing for their communities.

Approved by voters on April 4, 2017, Proposition NS and the subsequent authorizing Ordinance 70956 approved by the Board of Aldermen direct the City to:

  1. issue and sell $40 Million in general obligation bonds – with no more than $6 Million to be issued annually - for the purpose of stabilizing residential properties owned by the Land Reutilization Authority of the City of St. Louis; and
  2. market and sell these stabilized properties in a “simplified and efficient program”

These Ordinances limit the investment of Prop NS funds to no more than $30,000 per single family house or no more than $50,000 per 2-6-family building.

No more than 200 properties can be in the stabilization process or for sale at any given moment. Once the total reaches 200, no additional building will be taken on until one or more houses get sold.

Guiding Principles

Guiding Principles for the Prop NS Implementation Process:

  1. Transparent Process
  2. Community Informed Oversight
  3. Creation of Building Nomination Process for Residents
  4. Publicly Accessible Data and Outcomes
  5. Catalyst for Neighborhood Reinvestment and Workforce Development
  6. No Land Reutilization Authority (LRA) Buildings Under the Status of “Optioned” are eligible for Prop NS funds; only “Available” Buildings, which are listed on the LRA Sale List.  (To access list, go to "Download" section of the page and search the "Improved Property List" for the current month and year.)

Contact Information

Email: prop-ns@stlouis-mo.gov

Phone:

Address:
1520 Market Street , Suite 2000
St. Louis, Missouri 63103

Map for the above address
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