thriving communities institute from vacancy to vitality a program of western reserve land...
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Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
County Land Bankingin Ohio
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
Thriving Communities Institute
• Land Conservancy's urban initiative
• Headed by Jim Rokakis
• County land bank advocacy
• Urban land use issues
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
Land Banking in Ohio: History
• Authorized for only Cuyahoga County in 2008
• Cuyahoga County Land Reutilization Corporation established in 2009
• Law amended in 2009 for smaller counties
• Today in Cuyahoga, Lucas, Montgomery, Trumbull
Mahoning, Hamilton & Franklin
• Underway in, Erie, Summit, Stark, Lake & Lorain
• Interest in Butler, Richfield, Ashtabula and Allen
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
43 Eligible Counties
Restricted to counties with
population60,000 or greater
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
What is a County Land Bank?
• Special, community improvement corporation (R.C. 1724)
• Not a county agency
• Quasi-governmental (R.C. 5722)
• Committed to public purpose
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
Public Purpose
• To promote economic and housing development of the county or region
• To facilitate the reclamation, rehabilitation and reutilization of vacant, abandoned, tax-foreclosed or other real property
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
Public Purpose (continued)
• To efficiently hold and manage that real property pending its reclamation, rehabilitation and reutilization
• To assist governmental entities and other non-profit or for-profit entities in the assembly of that real property and the clearing of title in a coordinated manner
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
Thriving Communities InstituteWestern Reserve Land Conservancy
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
County Land Banks: Response to Foreclosure Crisis
• Response to worst
housing crisis in
U.S. History• Acquire vacant and
abandoned property • Deference to cities• Triage• Dispose or hold
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
Benefits of Land Banking
• Stops speculation/flipping
• Stabilizes housing base, tax base
• Improves quality of life
• Advances urban planning
1 in every 616 housing units in Ohio received
a foreclosure filing in January 2012.
-RealtyTrac
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
Foreclosure, Crime & Demolition Studies Cleveland Fed Study: REO Inventory Levels High through at least
2013
Immergluck Research: Foreclosure Effects on Neighbor's Housing
Foreclosure & Crime
Flint Study: $3.5 Million in Demolition = $109 Million
Preserved Housing Value
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
Establishing the County Land BankCOUNTY COMMISSIONERS
(Create R.C. 5722 Land Bank)
COUNTY TREASURER
LRC BOARD OF DIRECTORS IS CREATED
COMMISSIONERS PASS RESOLUTION AUTHORIZING COUNTY TREASURER TO
INCORPORATE LRC VIA R.C. 1724
TREASURER INCORPORATES LRCVIA R.C. 1724
LRC BOARD IMPLEMENTS PROGRAMMING ACTIVITIES
PROGRAMMING ACTIVITIES
LRC BOARD CREATES LAND REUTILIZ ATION PLAN FOR ADOPTION BY COUNTY
COMMISSIONERS
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
Structure of Land Bank Board Board has 5, 7 or 9 members:
• Treasurer• Two Commissioners• One member from largest city• One township member• Others (if any) chosen by agreement
of Treasurer and two Commissioners
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
Funding the Land Bank
• DTAC: up to 5%• Penalties and interest• DTANS• Grant recipient or co-recipient• Borrow (not on county guarantee)• Property sales
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
DTAC funding(preferred method)
Penalty
First Half Taxes
Penalty
First Half Taxes
Penalty
Second Half Taxes
Penalty
Delinquent
Taxes
Delinquent
Taxes
5% DTAC
UP TO 5%
5% DTAC
Penalty
5% DTAC
10% late payment penaltyAfter each due date
Current 5% DTAC feeSplit between TreasurerAnd Prosecutor for useIn delinquent collections
Additional DTAC forLand Bank (needsBOCC approval
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
Land Bank Acquisitions
• Tax Foreclosure• Government Sponsored Entities (GSE)• HUD• Bank Real Estate Owned (REO)• Deed in Lieu• Gift or Donation
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
County Land Bank OperationsBANK REO’s
PROPERTY TRIAGE
RESPONSIBLE FOR MOTHBALL
REHABILITATION
RESALE TO RESPONSIBLE
QUALIFIED BUYER/REHABBER
HOLD FOR STRATEGIC
ASSEMBLY & ECONOMIC
DEVELOPMENT
DEMOLISH
HUD GSE’s TAX FORECLOSEDDEED IN LIEU
PROGRAMS:
• SIDE YARD • INFILL HOUSING • GREEN SPACE • URBAN GARDENS
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
Vacant Lots Coming Into the Land Bank
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
Side Lots
Repurpose as . . . . .
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
Urban Farms or Community Gardens
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
Green Space
City Parks
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
Parking for Churches, Schools and Local Businesses
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
Habitat for Humanity
Homes
Neighborhood Housing Initiatives
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
Improving Neighborhoods
One Lot at a Time
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
Acquiring Homes
• Tax foreclosures• Government Sponsored Entities
(Fannie Mae, Freddie Mac, etc)• Department of Housing and Urban
Development (HUD)• Bank-Owned Properties (post
foreclosure)
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
The Good
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
The Bad
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
And the Ugly
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
Vacant and AbandonedCommercial Properties
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
For some properties the only option is
demolition
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
For others, restoration
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
Rehabilitating Properties
• Direct transfer to reputable contractor
• Contract for rehab work, then sell
• Deed in escrow
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
Before After
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
Fire and SafetyTraining
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
Court Ordered Community Service
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
Assembling,Clearing
andHolding
for Future
Development
Thriving Communities Institute
From Vacancy to VitalityA Program of Western Reserve Land
Conservancy
Each County has different needs
Each City has different needs
One size does not fit all!