Cincinnati, OH Councilman Calls to Expand VPR to Every Neighborhood
On August 28, Fox19.com reported on a story titled Sittenfeld Calls for Expansion of Vacant Property Legislation.
Sittenfeld calls for expansion of vacant property legislation
NORTHSIDE, OH (FOX19) – Cincinnati City Councilman P.G. Sittenfeld has proposed to expand the vacant property legislation to every neighborhood in Cincinnati.
Currently, the Vacant Foreclosed Property Registration (VFPR), which requires lenders to register these vacant properties with the city and maintain them to a reasonable standard, only operates in College Hill, East Price Hill, West Price Hill, Madisonville and Westwood – Neighborhoods which see the highest number of foreclosures each year.
The pilot program is part of Sittenfeld’s Restoring Our Communities Initiative and has tracked over 600 foreclosures and ensured nearly half of these properties are registered vacant with the city.
“Vacant properties often become big problems in our communities,” Sittenfeld said. “They bring down property values, lower our quality of life, and become magnets for crime. Big banks and lenders should have to maintain their properties just like the rest of us, and as we’ve always said, too big too fail shouldn’t mean too big to mow the lawn.”
Sittenfeld announced his city-wide expansion proposal Wednesday in Northside surrounded by housing advocates and community members.
He’s circulating a policy motion which calls for city administration to give a full status report of the VFPR pilot program and present a plan for the program’s expansion.
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Safeguard Properties is the largest mortgage field services company in the U.S. Founded in 1990 by Robert Klein and based in Valley View, Ohio, the company inspects and maintains defaulted and foreclosed properties for mortgage servicers, lenders, and other financial institutions. Safeguard employs approximately 1,700 people, in addition to a network of thousands of contractors nationally. Website: www.safeguardproperties.com.