Peter Quinones, founder of Investor Trustee Services, has joined the National Association for Housing Revitalization (NAHR) as a founding Charter Member. The national trade association focuses on returning aged, distressed, and vacant homes to the market as attainable housing. As a Charter Member, Quinones will contribute an operator's perspective from the Florida market, though official NAHR positions are determined by the association.
The move comes as the 21st Century ROAD to Housing Act, effective January 7, 2027, bars large institutional investors—defined as entities controlling 350 or more single-family homes—from purchasing single-family homes, subject to stated exceptions. This regulatory shift creates a vacuum that local operators like Quinones are poised to fill. "When the largest buyers step back, somebody still has to take on the houses that need work," Quinones said. "Local operators are the ones who can fix them and hand them to a family in livable condition."
Investor Trustee Services buys distressed single-family homes across Florida and places them with a network of local rehabbers who restore them and return them to the market. As an approved bidder in HUD's single-family loan sales, the company plans to begin acquiring pools of HUD-held mortgages on vacant and distressed properties, starting with HUD's HVLS 2027-1 sale. This strategy could accelerate the rehabilitation of vacant homes by providing capital and operational expertise to local rehabbers.
Quinones emphasizes the economic logic of local ownership. "These houses already exist, they already have utilities at the street, and they already sit in neighborhoods people want to live in," he said. "They are empty because of condition and title, not because nobody wants them. When a national fund owns the asset, the return leaves town. When a local operator does the work, it stays."
The announcement has implications for housing supply and community stability. With large investors sidelined, the burden of revitalizing distressed properties falls to smaller, local players. Quinones's dual role—as an NAHR Charter Member and an approved HUD bidder—positions him to influence both policy discussion and on-the-ground execution. His membership in NAHR allows him to share insights from Florida, a state with significant distressed inventory, while his company's planned HUD acquisitions could serve as a model for other local operators.
Real estate investors, rehabbers, and industry professionals interested in joining NAHR during the Charter Membership period can contact Quinones for a promotional membership code. Florida members who join through him will also be invited to a private network of Florida operators for networking and business opportunities. Founded by Quinones, who has worked in distressed real estate since 2005, Investor Trustee Services specializes in distressed single-family homes. The company's expansion into HUD mortgage pools signals a broader trend: as institutional capital retreats, local operators may become the primary drivers of housing revitalization.
