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27 Vacant Buildings to be Demolished in Schenectady

One Community Update
July 29, 2024

Source: www.dailygazette.com

The Capital Region Land Bank is moving forward with plans to demolish nearly 30 blighted properties in Schenectady — a move that will make way for $157 million in new investments.

The 27 demolitions are the most the Land Bank has overseen at one time and are expected to begin imminently along Summit Avenue. Buildings will also be razed along Albany and State streets, as well as Brandywine and Eastern avenues.

Richard Ruzzo, a Schenectady County legislator who chairs the Land Bank, said the demolitions are “certainly the most meaningful” the organization has completed since its inception in 2012.

Nine demolitions will take place on Summit Avenue, where AIK Property Group and MLB Construction have plans for a $13 million housing project that includes 41 townhomes. The demolitions are partially state funded through a Housing and Community Renewal grant.

In the Hamilton Hill neighborhood, 10 demolitions will take place along Albany and State streets in order to make way for an $80 million housing and retail project that will bring 225 new affordable housing units to the city by 2027.

The City Council recently approved the necessary zoning change to move the project forward. Plans call for knocking down the former Mohawk Auto Center at 756 State St. The two-acre property is being eyed as a future location of a grocery store.

At the corner of State Street and Brandywine Avenue, four properties will be demolished. The site will be the future home of a $37 million campus for the Schenectady Community Action Program that will include a daycare facility and 60 affordable housing units.

A vacant single-family home at 928 Pleasant St. is also slated to come down. The property is directly behind the Mosaic housing development on Crane Street in the Mont Pleasant neighborhood. The $27 million housing complex is expected to open next year.

Other properties set to come down include a zombie home at 2 Landon Terrace and a vacant building at 143 South Church St. that faces Erie Boulevard. A former car dealership at 1650 Erie Blvd., directly across the street from Mohawk Harbor is also set to be demolished.

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CEO

Alan Jaffa

Alan Jaffa is the Chief Executive Officer for Safeguard Properties, steering the company as the mortgage field services industry leader. He also serves on the board of advisors for SCG Partners, a middle-market private equity fund focused on diversifying and expanding Safeguard Properties’ business model into complimentary markets.

Alan joined Safeguard in 1995, learning the business from the ground up. He was promoted to Chief Operating Officer in 2002, and was named CEO in May 2010. His hands-on experience has given him unique insights as a leader to innovate, improve and strengthen Safeguard’s processes to assure that the company adheres to the highest standards of quality and customer service.

Under Alan’s leadership, Safeguard has grown significantly with strategies that have included new and expanded services, technology investments that deliver higher quality and greater efficiency to clients, and strategic acquisitions. He takes a team approach to process improvement, involving staff at all levels of the organization to address issues, brainstorm solutions, and identify new and better ways to serve clients.

In 2008, Alan was recognized by Crain’s Cleveland Business in its annual “40-Under-40” profile of young leaders. He also was named a NEO Ernst & Young Entrepreneur Of The Year® Award finalist in 2013.

Esq., General Counsel and EVP

Linda Erkkila

Linda Erkkila is the General Counsel and Executive Vice President for Safeguard Properties, with oversight of legal, human resources, training, and compliance. Linda’s broad scope of oversight covers regulatory issues that impact Safeguard’s operations, risk mitigation, strategic planning, human resources and training initiatives, compliance, insurance, litigation and claims management, and counsel related to mergers, acquisition and joint ventures.

Linda assures that Safeguard’s strategic initiatives align with its resources, leverage opportunities across the company, and contemplate compliance mandates. She has practiced law for 25 years and her experience, both as outside and in-house counsel, covers a wide range of corporate matters, including regulatory disclosure, corporate governance compliance, risk assessment, compensation and benefits, litigation management, and mergers and acquisitions.

Linda earned her JD at Cleveland-Marshall College of Law. She holds a degree in economics from Miami University and an MBA. Linda was previously named as both a “Woman of Influence” by HousingWire and as a “Leading Lady” by MReport.

COO

Michael Greenbaum

Michael Greenbaum is the Chief Operating Officer of Safeguard Properties, where he has played a pivotal role since joining the company in July 2010. Initially brought on as Vice President of REO, Mike’s exceptional leadership and strategic vision quickly propelled him to Vice President of Operations in 2013, and ultimately to COO in 2015. Over his 14-year tenure at Safeguard, Mike has been instrumental in driving change and fostering innovation within the Property Preservation sector, consistently delivering excellence and becoming a trusted partner to clients and investors.

A distinguished graduate of the United States Military Academy at West Point, Mike earned a degree in Quantitative Economics. Following his graduation, he served in the U.S. Army’s Ordnance Branch, where he specialized in supply chain management. Before his tenure at Safeguard, Mike honed his expertise by managing global supply chains for 13 years, leveraging his military and civilian experience to lead with precision and efficacy.

CFO

Joe Iafigliola

Joe Iafigliola is the Chief Financial Officer for Safeguard Properties. Joe is responsible for the Control, Quality Assurance, Business Development, Marketing, Accounting, and Information Security departments. At the core of his responsibilities is the drive to ensure that Safeguard’s focus remains rooted in Customer Service = Resolution. Through his executive leadership role, he actively supports SGPNOW.com, an on-demand service geared towards real estate and property management professionals as well as individual home owners in need of inspection and property preservation services. Joe is also an integral force behind Compliance Connections, a branch of Safeguard Properties that allows code enforcement professionals to report violations at properties that can then be addressed by the Safeguard vendor network. Compliance Connections also researches and shares vacant property ordinance information with Safeguard clients.

Joe has an MBA from The Weatherhead School of Management at Case Western Reserve University, is a Certified Management Accountant (CMA), and holds a bachelor’s degree from The Ohio State University’s Honors Accounting program.

Business Development

Carrie Tackett

Business Development Safeguard Properties