Herkimer County Establishes Land Bank

One Community Update
October 1, 2024

Source: www.mylittlefalls.com

Earlier this year, the Herkimer County Legislature established the Herkimer County Land Bank. Its mission is to address deteriorated, abandoned, and tax-delinquent properties and the blight they inflict upon communities throughout the County. Before this, the County had been a Greater Mohawk Valley Land Bank  (GMVLB) member.

They selected Michael Edwards as the Executive Director, who said, “The Legislature decided to get out of the GMVLB in 2019 because they felt they weren’t going in the direction or quick enough for what the County leaders wanted to do. So, they approached me with my codes background and asked me if I was interested in doing a project like this.”

He said he thought about it long and hard and then decided to do it. “We’ll have better control of it because it’s through the County itself. We’ll have control over what we do, how we do it, and when we do it. We’ll also have funding up front to do it.”

Edwards said that every town, village, and city within the county is being examined to try to clean up what they call zombie properties. “Blighted properties that need help. Our goal is to rehabilitate as many properties as possible to keep housing rather than lose it.”

As of August 1, 2024, they have taken title to several properties, and the first project to be undertaken is 128 West Smith Street in the Village of Herkimer. “We were served notice that it was an unsafe structure that needed to come down immediately for liability purposes and a lot of other reasons.”

United Contractors of Utica was awarded a contract through a bidding process, and demolition of this structure should be completed by September 27, 2024.

Edwards said they’ve taken control of another twelve properties before they went to the tax auction. “It’s baby steps with the idea to address the eighty-five plus properties that are identified as zombie. These are floating properties. The county has stopped paying taxes on them, and no one else has. A lot of them are vacant and crumbling and either need repair or to be demolished.”

“We’re going to try and address them all,” he said.

Edwards met with City of Little Falls Mayor Deborah Kaufman to review the lists that both entities had compiled to prioritize what could be done. “I can’t just take properties—sometimes, it can take up to two and a half years in the process. A municipality can sometimes use an Article 19 proceeding to get the property in a much shorter timeframe, but there are legal costs associated with that,” he stated.

Kaufman said, “Like most industrial-age cities, our city has many structures that have become blighted over the years, with abandoned property owners and a variety of things. Some are distressed, and some are tear-downs. When you look at the number we have in our City, it’s substantial.”

“We’re thrilled with the effort that the Herkimer County Land Bank is putting forth, and I love their enthusiasm. They’ve moved so quickly on a couple of properties they’ve designed for tear-down in the City to help us out. As a small city, we don’t have the budget to take down these houses.”

Kaufman said that in some cases, it will give extra space to expand neighboring houses and, in others, maybe add a garage. “There might be enough room to rebuild on some of the open lots,” she said.

The County has allocated approximately $300,000 to get the program off the ground and is pursuing a more than $1 million grant from the State.

 

For full report, please click the source link above.

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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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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.

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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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Business Development

Carrie Tackett

Business Development Safeguard Properties