we’ve done it our way carolyn rice county treasurer & board chair montgomery county land...

We’ve Done It Our Way

Carolyn RiceCounty Treasurer & Board Chair

Montgomery County Land Reutilization Corporation

Key Points

Our Crisis Our Choices Mission & Objectives Early Accomplishments 2015 Programs Results & Lessons Learned

All Markets Challenged

IndustrialCommercialOfficeResidential

Upside Down

57,000 since 2000

Start Small & Evolve August 2011 $100k Startup Funding (Treasurer) No paid staff MCLRC Grant program Moving Ohio Forward- reimbursement

oversight and coordination (9) Feb 2013- 5% DTAC Nov 2013- Exec Director

Mission

Facilitate the reuse of distressed property Vacant, Abandoned, Blighting Influence

Land Bank Objectives

Encourage Community Re-investment Restore Market Confidence Stabilize Market Values Generate Community Wealth

Business ObjectiveSelf Sustaining

Land Bank Objectives

Remove Excess InventoryReposition PropertiesAlign Plans & InterestsEnable Investment

Board of Directors

County TreasurerMinimum two County CommissionersLargest municipal corporation, DaytonLarger township (population 10,000)Others selected by Treasurer & Commissioners

Land Bank is a Tool

Partner Communities16 under MOUAny Community in Montgomery CountyWill work with CDCs and other groups with

jurisdiction’s approvalCommunicate, communicate, communicate

Demolition Finance: 2012-2014 Moving Ohio Forward- AG DeWine

$4.2M + 3.4 = $7.6M

MCLRC Grant:Approx. $500K

Neighborhood Initiative: U.S. Treasury $5.4M

Early Accomplishments

Moving Ohio Forward: Demo Program

• Properties: 631• Total Cost: $7.49 M• Residential Demo: 938 Units

MCLRC Grants: Demolitions

Foreclosures: Acquire / Reposition / Transfer/ Renovate

Current Operations

Staff: 3 FTE’s / April 2015 Revenues: $1-1.4M Annually Authorities Provided in O.R.C.

Exempt Real Estate TaxExempt Environmental LiabilityPreferred Status Tax Foreclosure

Outsource Agreement with County Corp

Neighborhood Initiative Program

• Properties: 300 est.• Budget: $5.4M

NIP Program

• Collaboration• Strategy

NIP Program: Acquisition & Demo

Property Target: 300 Current No. Acquisition: 250

Foreclosed: 229 Donations: 31  

Environmental Survey/ Remediation:121 Demo: 13 Transferred for Renovation: 11

2015 Programs

Tax Foreclosure Sponsorship: April Deed in Escrow: April

Residential Rehab Loan: July Planning Grant: July

Commercial Redevelopment: November Land Banking: November

2015 Land Bank

NIP Implementation Launching & Scaling Programs Evaluating Org. Demand & Capacity Building Org. Infrastructure Run Pilot Programs Evaluating New Programs

Closing Thoughts

Know your community Make the decisions that fit your needs Make the investment to put sustainable

funding in place from start Go for 5% DTAC Take advantage of OH’s strong land

banking network Expect other good things to happen

MCLRC Contact Info:

Carolyn Rice: (937) 496-7755 or riceca@mcohio.org

Montgomery County Land Reutilization Corporation

130 West Second Street

Suite 1425

Dayton, Ohio 45402

Mike Grauwelman- Executive Director

Phone: 937.531.6921

Email: mikeg@mcLandBank.comhttp://www.mcohio.org/government/treasurer/land_bank.html