All Ohio Counties Are Now Eligible to Form Land Banks

Land Bank Update
August 5, 2015

MANSFIELD, Ohio – Ohio’s smaller counties now have access to a powerful tool previously available only to their more populous counterparts – the land bank.

The state legislature has voted to eliminate the 60,000 population threshold for counties wishing to establish land banks, thereby extending land-banking authority to every county in Ohio. The move doubles – from 44 to 88 – the number of counties now eligible to form a land bank.

Jim Rokakis, director of Western Reserve Land Conservancy’s Thriving Communities Institute and the father of Ohio’s widely acclaimed 2009 county land bank statute, applauded the legislature’s lifting of the population floor. He said Thriving Communities Institute, which has helped establish most of the 24 existing county land banks in Ohio, expects to hear from smaller counties that have seen how land banks have helped revitalize communities and remove blight.

“Land banks can work for counties all over Ohio, not just the larger counties,” Rokakis said. “Tax delinquent, abandoned properties are present in every county of Ohio – and land banks are a powerful way to deal with them.”

Rokakis, then the Cuyahoga County treasurer, was the driving force behind the 2009 state legislation that allowed Cuyahoga County to create Ohio’s first county land bank. The following year, the remaining 45 counties with populations over 60,000 received authority to create land banks.

The law will take effect Sept. 29.

Land banks give counties the ability to take tax delinquent properties that have been abandoned and repurpose them. Perhaps the most important feature of the law is the fact that the title to these properties is “cleansed” as a result of the foreclosure, and that clean title allows the property to be transferred easily to either an adjoining owner or another entity that will make the land productive again. This tool has been used thousands of times throughout Ohio since the land bank law was first passed.

Robin Thomas, land bank program director for Thriving Communities Institute, said, “Smaller counties have experienced many of the same issues as larger ones. They have seen the success of county land banks in removing blighted properties through demolition, greening and transferring those properties into the hands of responsible property owners. These smaller counties want to create a land bank.

Western Reserve Land Conservancy preserves natural areas and farmland in northern and eastern Ohio and helps revitalize cities statewide through its Thriving Communities Institute. To date, the Land Conservancy has permanently preserved more than 560 properties and more than 42,000 acres.

Thriving Communities Institute has led efforts to create county land banks throughout Ohio and to secure the funding cities need to demolish vacant, abandoned and unsafe homes. In addition, Thriving Communities has launched Reforest Our City, an initiative aimed at restoring Cleveland’s depleted tree canopy. Working with the city of Cleveland and Holden Arboretum, Thriving Communities Institute conducts Sherwick Tree Steward Training for residents and has started a grant program that enables community development corporations and other nonprofits to plant trees.

More than 1,100 trees have been planted under the Reforest Our City program.

The Land Conservancy is headquartered in Moreland Hills and has field offices in Cleveland, Akron, Medina, Oberlin, Chardon and Orrville.

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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.

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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.

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Linda Erkkila

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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.

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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.

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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.

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Carrie Tackett

Business Development Safeguard Properties