Ganging Up on Blight

Legislation Update
September 8, 2016

Blight in Pennsylvania’s older cities is such a fundamental problem that more than 20 bills have been introduced in the current state legislative session dealing with different aspects of it.

Lawmakers, who have given themselves only nine days to deal with pending legislation after taking a seven-week vacation, should make a priority of several of those bills.

Foremost among them is a bill sponsored by Democratic state Sen. John Blake of Lackawanna County and Republican state Sen. David Argall of Schuylkill County. It would speed the foreclosure process on vacant and abandoned properties without jeopardizing property rights.

The bill would establish specific definitions for what constitutes abandoned and vacant properties. To jump-start a foreclosure process, a municipal code officer or local court could declare a property abandoned or vacant under the statute, thereby enabling the lender holding the mortgage to begin foreclosure faster than otherwise would be possible. According to Blake, the bill could reduce the foreclosure process from more than the average 500 days to fewer than 300 days.

That change could help fight blight in several ways. Most important is that it could help get more vacant properties into the hands of new owners, and back on the tax rolls, before they deteriorate beyond the point of no return. That is especially so in places, like Lackawanna County, that have established innovative land banks to help restore fallow properties to productive purposes. And, in cases where properties have badly deteriorated, the new foreclosure timetable could hasten demolition and head off blight.

The Legislature should pass the bill and Gov. Tom Wolf should sign it into law.

But Blake pointed out an even more important initiative. He called for the restoration of full funding for the Elm Street and Main Street programs, and other community redevelopment efforts, that was reduced or eliminated as government revenues plummeted amid the Great Recession.

While building community arsenals against blight, the state and federal governments also should help fund follow-up redevelopment.

Source: Standard-Speaker

Additional Resources:
Pennsylvania General Assembly (SB 1191 full text)

Pennsylvania State Senate (Senate Co-Sponsorship Memoranda)

Safeguard Properties Fast-Track Legislation Resource Center

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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 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