Safeguard Properties
  • Property Inspections
  • Insurance Policy Inspections
  • Property Data Collection
  • Insurance Loss Inspections
  • Property Preservation
  • FHA Conveyance
  • Real Estate Owned (REO)
  • Resources
Skip to content

<- Return To Industry Updates

Funding Helps Trotwood Blighted Property Demolition Plan

Industry Update
May 2, 2023

Source: wdtn.com

The City of Trotwood continues its push to demolish blighted properties. Officials say the work would not be possible without help from the state and the Montgomery County Landbank.

Through this collaborative effort, they have been able to cover more ground in just a year of the project, tearing down nearly three dozen buildings so far.

The state of Ohio is covering 75 percent of the cost to demolish 35 blighted properties throughout Trotwood.

The Montgomery County Landbank is paying half of the remaining 25 percent. Landbank officials said that Trotwood consistently shows up when offers like this are on the table.

“Each time we’ve offered a program like this, Trotwood has been at the table to take advantage of it,” Mike Grauwellman, Montgomery County Landbank Executive Director, said. “So, kudos to the Trotwood community, folks, in identifying those and doing the work that they need to do to allow us to do the work that we are financed to do by the state.”

Trotwood officials said they are grateful for this funding because it aids in the housing crisis that was heightened in 2019 with over 1100 properties damaged by the Memorial Day tornadoes.

According to Deputy City Manager Stephanie Kellum, they hope that this effort will free up their budget and allow for significant strides for the city as they rebuild for the future.

“We want to reestablish that sense of pride and that sense of hope people have,” Kellum said. “We want to create more housing. We want to infill the backstop. We want to have our residents return. We still have residents who have been displaced because of the 2019 tornadoes. So, until we have all of that housing replaced, our population suffers.”

For full report, please click the source link above.

 

 

 

 

 

 

 

 

 

 

 

Related Posts

City of Wichita Likely to Dissolve Land Bank Program

The Wichita Land Bank was established to encourage affordable housing but may be dissolved due to the city’s inability to acquire properties.

Read More

Muskegon Flips Blighted Homes for Low-Income Housing

The city of Muskegon is using federal funds to purchase blighted homes, completely renovate them, and sell to low-income families.

Read More

  • + Event
    • NPPC
    • Vendor Events
    • Industry Conferences
    • Community Events
  • + Featured Resources
    • Disaster Updates
    • FEMA Alerts
    • Industry Updates
    • Investor and Regulatory Updates
  • Conferences and Events
  • + Newsroom
    • Safeguard in the News
    • Editorials
    • News Releases
<- Back To Newsroom Next Article ->

Have an RFP, RFQ, or RFI?

We welcome opportunities to partner with servicers, sub-servicers, credit unions, housing authorities, federal, state, and local agencies, and other institutional clients.

Please send all RFP/RFQ/RFI inquiries to carrie.tackett@safeguardproperties.com

Contact Us

Reach out to us via phone, email, or the form below.

Fields marked with an * are required

Our Information

Safeguard Properties

9445 Rockside Rd. Suite 100

Valley View, OH 44125

216.739.2900

Media Inquiries: safeguard.communication@safeguardproperties.com

24-Hour Complaint Hotline:

855.563.9154

Transparency in Coverage Information - Click Here

Connect

  • Facebook
  • LinkedIn
  • Youtube

Our Partners

© Copyright Safeguard Properties 2026

Privacy
Legal Information