New Proposal to Repair Foreclosed Buffalo Homes and Sell Them at Affordable Prices

One Community Update
July 25, 2025

Source: www.wkbw.com

Housing problems in the City of Buffalo are nothing new, but could one issue be used as a solution for another?

There’s an idea floating around city government to repair a surplus of foreclosed-upon homes and sell them back to Buffalo residents at an affordable price.

The initiative aims to provide home-ownership opportunities for low-income families, while rebuilding neighborhoods and returning properties to the tax rolls.

“You have big developers come in. They buy 30 houses and then they sell them back to people,” Everhart said.

She does not believe folks on Buffalo’s East Side can afford what those homes sell for.

The councilwoman sees this as an opportunity to address Buffalo’s housing crisis by utilizing the city’s inventory of foreclosed properties.

“There is a housing crisis. What can we do?” Everhart said. “City of Buffalo owns a whole lot of houses. Ding, ding, ding. Let’s figure out a way to rehab those houses and give them back to people who live in those neighborhoods.”

Councilman Rasheed Wyatt co-sponsored this resolution. He emphasized the importance of keeping home-ownership local.

“As we address the housing issues, we want more homeowners and we want those homeowners to live in those neighborhoods and not be displaced,” Wyatt said.

According to city data, the Masten District alone has nearly 4,700 single-family homes and about 3,500 doubles. When asked how many of these properties are currently foreclosed upon, Everhart acknowledged that the exact number is still being determined.

“Well, right now we don’t know that number,” Everhart said. “So that’s a conversation we’re having with the law department and the mayor’s office. But there’s a lot of them.”

The initiative also includes potential partnerships with organizations like Habitat for Humanity to help provide housing for low-income families.

“We try to get viable properties at a discounted rate because it has to be logical for us as well,” said DJ Manou from Habitat for Humanity in Buffalo. “If the city is trying to say, we know there’s a problem and we have a potential solution to cut into that…Yeah that’s great.”

Everhart believes this solution would also help build generational wealth for communities that often lack these assets.

“Imagine — a woman, a family, whoever buys a house — a double, for example, they can get that house fixed up. They can live in it, and they can rent out part of that house,” Everhart said. “They’re also making income. It’s not rocket science. It’s good government.”

There is a potential snag. The city’s own laws could stop this from moving forward.

Drantch: Is your resolution even legal?

Everhart: I don’t know. But that’s why we have a legal department here. So let’s figure it out. If it’s not legal, guess what, we’re legislators. That’s our job.

The next in-rem auction for tax-foreclosed homes in Buffalo is potentially scheduled for 2026.

 

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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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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.

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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.

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Business Development

Carrie Tackett

Business Development Safeguard Properties