Community Provides Mixed Input on Greene County Land Bank

Land Bank Update
July 12, 2016

XENIA — Community members provided mixed input to county officials Tuesday at sessions about the possible establishment of a land bank for Greene County.

While some praised the idea, which county officials have previously classified as a way to address blighted properties in Greene County, others criticized the plan, classifying it as “more bureaucracy.”

The land bank would act as a “pass through” entity that could acquire properties that were at least two years tax delinquent, clear them of those back taxes and turn the property over to a previously identified end user, according to Greene County Administrator Brandon Huddleson.

“We have a lot of properties within the county that the free market has not been able to rectify,” he said in a previous interview with this newspaper. “We have properties that are tax delinquent, and the amount of taxes due on the property doesn’t make it feasible for a developer to acquire the property, pay the back taxes, renovate or demolish and rebuild on the property.”

Xenia City Planner Brian Forschner spoke in favor of the idea Tuesday on behalf of city staff, saying that the land bank would cost “very little” and could result in a financial gain to local communities in the long term by reducing tax delinquency and increasing property values.

“The current system is simply not working,” he said. “No private party wants these properties due to back taxes and clouded titles. Many of their owners cannot even be reached. These properties will continue to sit and be a drain on resources for all levels of government, as well as the value and quality of life for surrounding neighborhoods, if we continue on our current path.”

Fairborn city representative Missy Frost also praised the idea, saying that the process would create redevelopment opportunities, “which ultimately will lead to a strong Greene County for all residents,” she said.

Some who spoke at the meeting, including Greene County resident Christ Georgakas, classified the land bank as “another level of bureaucracy.”

“They say, ‘Well, it’s not going to cost. It’s going to save money,’” he said. “I can’t remember any government program that was going to save money. That’s ridiculous.”

Xenia resident and real estate investor Diana Steen, opposed the idea, calling land banks a “political remedy to a problem and set of conditions caused by prior political decisions.”

Yellow Springs resident Marlene Johnson joined the voices in opposition: “The housing bubble is over, building is at a peak right now in the county and the prices are stabilizing, if not going up,” she said. “This problem is no longer in existence.”

Under draft legislation for the corporation, a project committee, made up of the county commissioners, the county treasurer, as well as representatives from the cities of Beavercreek, Fairborn and Xenia, in addition to one township representative and one representative from the balance of the political subdivisions in the county, would have the full authority to take action on the projects brought to the land bank.

Draft legislation for the corporation limits the number of properties the land bank could own to six per municipality and 20 on the aggregate.

The draft legislation for the corporation also contains a sunset provision, which would terminate the land bank after five years unless the Greene County Board of Commissioners voted to extend its life.

Source: Fairborn Daily Herald

x

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.

x

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.

x

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.

x

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.

x

Business Development

Carrie Tackett

Business Development Safeguard Properties