County OKs Plans to Alleviate Blight

Land Bank Update
June 27, 2016

Lancaster County approved plans Wednesday to create a land bank authority to help breathe life back into blighted properties.

Once set up, the authority will be able to directly purchase condemned properties and help develop them so they can be put back on the tax rolls.

“It’s been a long journey, but we’re finally here,” Commissioner Dennis Stuckey said. He and other commissioners lauded the proposal as a way to help rejuvenate struggling properties and neighborhoods.

Municipalities — the county has 60 — can choose to be part of the authority, but participation is voluntary.

“This tool in the workbench is going to allow for another avenue of financing, another avenue of assistance that many of the boroughs can’t afford, or just quite frankly don’t have the experience to take it on,” said Ed Arnold, manager of Millersville Borough and president of the Lancaster County Boroughs Association, which includes 18 municipalities.

Under the ordinance, member municipalities have to agree to let the land bank authority acquire a property. They also give up their right to collect back taxes on properties, many of which are delinquent. Members also agree that the authority will receive half of the property taxes for the first five years after a property goes back on the tax rolls, according to Matthew Sternberg, executive director of the Lancaster County Housing & Redevelopment Authorities.

“The financing is going to have to get pieced together project by project, community by community as we get going,” Sternberg said.

Asked how many properties across the county could be aided by the authority, Sternberg didn’t provide an estimate, saying compiling it would be “difficult” and would require getting figures from each municipality.

County officials will now focus on getting municipalities and school districts to join the authority through i ntergovernmental agreements.

The land bank authority will hold the power to acquire properties in a variety of ways, including through donations, tax sales, judicial tax sales and negotiations with developers. It will not have the power of eminent domain.

Properties considered blighted under state law could be sought as potential development ground for the authority, Sternberg said.

The authority will be able to acquire property throughout the county, except in Lancaster city, which is looking at establishing its own land bank.

Leo Lutz, mayor of Columbia Borough — once a booming river town that now struggles with vacant downtown buildings — is hopeful the new authority can help turn around at least 20 blighted properties.

“The land bank will offer us another tool in the tool box to get these blighted properties fixed up and get them into the system,” he said.

The land bank authority will have a seven-member board. Its first meeting is July 28, Sternberg said. It includes the five current members of the board of Lancaster County Housing and Redevelopment Authorities and two other members appointed by the board of commissioners.

The five members of the redevelopment authority board are Edward C. Fisher, Gerald S. Robinson, James Williams, Jim Eby and Mary Glazier. Members appointed by the commissioners are Dennis R. Groff and Frank A. Christoffel III.

Source: LancasterOnline

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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.

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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.

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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