FEMA Major Disaster Declaration – New Hampshire Severe Storms and Flooding

FEMA Alert
April 19, 2024  

FEMA has issued a Major Disaster Declaration for the state of New Hampshire to supplement state, tribal, and local recovery efforts in areas affected by severe storms and flooding from January 9-14, 2024.  The following counties have been approved for assistance:

Public Assistance:

  • Grafton
  • Rockingham

 

New Hampshire Severe Storms and Flooding (DR-4771-NH)

President Joseph R. Biden, Jr. Approves Major Disaster Declaration for New Hampshire

Map of Affected Areas

List of Affected Zip Codes

 

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Safeguard Properties Industry Alerts

HUD Moratorium on Foreclosure

VA’s Policy Regarding Natural Disasters

Freddie Mac Disaster Relief Policies

Fannie Mae’s Natural Disaster Relief Policies

FEMA Major Disaster Declaration – Morongo Band of Mission Indians Severe Storms and Flooding

FEMA Alert
April 19, 2024  

***Please note, only properties located within the Morongo Indian Reservation are approved for assistance.***

FEMA has issued a Major Disaster Declaration for the Morongo Band of Mission Indians to supplement tribal recovery efforts in areas affected by severe storms and flooding from January 31 – February 9, 2024.  The following counties have been approved for assistance:

Public Assistance:

  • Morongo Indian Reservation

 

California Severe Storms and Flooding (DR-4772-CA)

President Joseph R. Biden, Jr. Approves Major Disaster Declaration for the Morongo Band of Mission Indians

Map of Affected Areas

List of Affected Zip Codes

 

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Safeguard Properties Industry Alerts

HUD Moratorium on Foreclosure

VA’s Policy Regarding Natural Disasters

Freddie Mac Disaster Relief Policies

Fannie Mae’s Natural Disaster Relief Policies

FEMA Major Disaster Declaration – Hoopa Valley Tribe Severe Winter Storm

FEMA Alert
April 19, 2024  

***Please note, only properties located within the Hoopa Valley Indian Reservation are approved for assistance.***

FEMA has issued a Major Disaster Declaration for the Hoopa Valley Tribe to supplement tribal recovery efforts in areas affected by a severe winter storm from January 30-31, 2024.  The following counties have been approved for assistance:

Public Assistance:

  • Hoopa Valley Indian Reservation

 

California Severe Winter Storm (DR-4773-CA)

President Joseph R. Biden, Jr. Approves Major Disaster Declaration for the Hoopa Valley Tribe

Map of Affected Area

List of Affected Zip Codes

 

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Safeguard Properties Industry Alerts

HUD Moratorium on Foreclosure

VA’s Policy Regarding Natural Disasters

Freddie Mac Disaster Relief Policies

Fannie Mae’s Natural Disaster Relief Policies

FEMA Major Disaster Declaration – Vermont Severe Winter Storm

FEMA Alert
April 19, 2024  

FEMA has issued a Major Disaster Declaration for the state of Vermont to supplement state, tribal and local recovery efforts in areas affected by a severe winter storm from January 9-13, 2024.  The following counties have been approved for assistance:

Public Assistance:

  • Chittenden
  • Essex
  • Franklin
  • Lamoille
  • Orleans

 

Vermont Severe Winter Storm (DR-4770-VT)

President Joseph R. Biden, Jr. Approves Major Disaster Declaration for Vermont

Map of Affected Areas

List of Affected Zip Codes

 

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Safeguard Properties Industry Alerts

HUD Moratorium on Foreclosure

VA’s Policy Regarding Natural Disasters

Freddie Mac Disaster Relief Policies

Fannie Mae’s Natural Disaster Relief Policies

Syracuse Officials to Devote More Resources to Combat Vacant Property Problem

One Community Update
April 11, 2024

Source: cnycentral.com

City officials in charge of housing policy see vacant properties as a major obstacle to achieving safer, stronger neighborhoods. Vacant buildings disproportionately account for structure fires, attract crime, and drive down the value of the properties around it.

In recent years, more resources have been thrown at the issue. This year, the goal is to accelerate those efforts as the city takes on an ambitious overhaul of its aging housing stock.

“We’re trying to take what was once an eyesore and turn it into an asset or an amenity for the neighbors,” Katelyn Wright said.

Wright is the executive director of the Greater Syracuse Land Bank, charged with restoring vacant properties. In the 10 years since the Land Bank was established, Wright said that the number of vacant properties in the city has dropped by around 800; but there are still just over 1,000 left to handle. While Wright concedes there is a lot of work to do, the Land Bank’s efforts have returned about $2 million in property taxes annually to the city.

Local direct funding is somewhat modest; the city provides about $750k, and an additional approximate $250k comes from Onondaga County. Wright said that this money is used for critical day-to-day operations to help keep them afloat, like upkeep and security at the properties they own and maintain. That kind of work helps keep Land Bank properties from causing nuisances; according to Wright, only one of their properties caught fire last year compared to dozens of other vacant properties.

For the first time, there is a budget line specifically earmarked for Land Bank seizures in the 2025 fiscal year proposal from the Mayor’s Office; this would provide the Land Bank with $300k for that purpose if approved.

Additionally, Wright commended city officials for deploying new strategies to accelerate the process of foreclosing tax-delinquent properties.

 

For full report, please click the source link above.

Macon County Board to Address Abandoned, Derelict Properties

One Community Update
April 12, 2024

Source: hearld-review.com

The Macon County Board has approved an agreement with Central Illinois Land Bank Authority to address abandoned and derelict properties in the county.

Most of the properties will be outside the Decatur city limits.

Director Mike Davis said the land bank’s goal is to assist communities with distressed properties but not tell them what to do.

“The community decides what they want to do,” Davis said.

The aim of the land bank, according to its website, is to revitalize neighborhoods, increase property values, stabilize real estate markets and redevelop properties. The land bank already works with Vermilion and Champaign counties.

“The idea of this land bank and others is to help deal with distressed properties,” Davis said at Thursday’s county board meeting. “We turn them into productive use and get them back on the tax rolls.”

The land bank wrote a grant for $337,000, he said, and he’ll be working closely with Macon County Administrator Tammy Wilcox to create a list of properties.

“My goal is, how do I add capacity to communities and bring in more resources and clean up the community and do good work?” Davis said.

In other business, the board approved a contract between Macon and the Macon County Sheriff’s Office for police services and issued a proclamation declaring April Child Abuse Prevention Month.

 

For full report, please click the source link above.

Casey, Capito Introduce Legislation to Revitalize Communities by Eliminating Blighted Property

One Community Update
April 18, 2024

Source: casey.senate.gov

U.S. Senators Bob Casey (D-PA) and Shelley Moore Capito (R-WV) introduced the Neighborhood Revitalization and Land Banking Act to help public land banks acquire blighted properties which can then be repurposed for commercial, residential, or recreational use that improves the quality of living in communities and local economies across the United States. This bill would additionally invest in increasing expertise and research in the field of land banking through the Blighted Property Remediation Fellowship Program.

“Land banks help turn blighted properties into community assets by stepping in to acquire and repurpose the vacant or deteriorating properties that too often stand in the way of neighborhood revitalization,” said Senator Casey. “The Neighborhood Revitalization and Land Banking Act will invest in the land banks dedicating their services to rehabilitating blighted and vacant land, making it easier for communities to maximize their potential while creating a cleaner, safer place to live.”

“Removal of blighted, vacant, and abandoned properties is an important step in community revitalization efforts, and land banks serve a critical role in acquiring and encouraging reuse and redevelopment of these properties,” Senator Capito said. “I’m proud to introduce the Neighborhood Revitalization and Land Banking Act, which will play a key role in helping continue the success of land banks in West Virginia.”

“We thank Senator Casey and Senator Capito for recognizing the unique and varied challenges that vacant, abandoned, and deteriorated properties pose to communities in rural, urban, and suburban communities, for acknowledging the critical role of land banks serving these communities, and for developing targeted federal solutions through this important federal legislation,” said Kathleen J. Guillaume-Delemar, President and CEO of the Center for Community Progress, the only national nonprofit organization dedicated to addressing widespread vacancy and abandonment. “The Neighborhood Revitalization and Land Banking Act will support and scale up the innovative and impactful work that land banks around the country are already doing despite scarce resources, and will drive further innovation, expand critical data gathering, and build capacity in disinvested communities most in need of revitalization. It is particularly powerful that the champions of this bill are from Pennsylvania and West Virginia, two states with growing land bank movements making positive change possible across rural communities, small cities, and large metro areas alike.”

 

For full report, please click the source link above.

Top 10 ZIPS with Highest Foreclosure Rates in Q1 and March 2024

Industry Update
April 12, 2024

Source: ATTOM

According to ATTOM’s newly released Q1 and March 2024 U.S. Foreclosure Market Report, there were a total of 95,349 U.S. properties with foreclosure filings in the first quarter. That figure was up 3 percent from the previous quarter but down less than 1 percent from a year ago.

ATTOM’s latest foreclosure activity analysis reported that nationwide one in every 1,478 properties had a foreclosure filing in Q1 2024. The report noted that states with the highest foreclosure rates in Q1 2024 were Delaware (one in every 894 housing units with a foreclosure filing); New Jersey (one in every 919 housing units); South Carolina (one in every 929 housing units); Nevada (one in every 961 housing units); and Florida (one in every 973 housing units).

The report also noted that among those 224 metro areas with a population greater than 200,000, those with the highest foreclosure rates in Q1 2024 were Columbia, South Carolina (one in every 569 housing units); Spartanburg, South Carolina (one in 597); Lakeland, Florida (one in 624); Atlantic City, New Jersey (one in 628); and Cleveland, Ohio (one in 662).

In this post, we take a more granular look by diving deep into the data behind ATTOM’s Q1 and March 2024 foreclosure report to uncover the top 10 U.S. zip codes with the highest foreclosure rates in Q1 2024. Among those larger zips with 1,000 or more housing units and 10 or more foreclosure filings in Q1 2024, those with the worst foreclosure rates include: 77327 – Cleveland, Texas (on in every 15 housing units); 93222 – Frazier Park, California (one in every 39); 83644 – Middleton, Idaho  (one in every 68); 19462 – Plymouth Meeting, Pennsylvania (one in every 78); 33946 – Placida, Florida (one in every 81); 95542 – Garberville, California (one in every 102); 95454 – Laytonville, California (one in every 106); 95428 – Covelo, California (one in every 131); 95464 – Nice, California (one in every 141); and 77702 – Beaumont, Texas (one in every 155).

 

For full report, please click the source link above.

 

FHFA Releases Housing Mission Report for 2023

Industry Update
April 17, 2024

Source: Federal Housing Finance Agency

The Federal Housing Finance Agency (FHFA) released its annual Housing Mission Report, describing the activities taken by Fannie Mae and Freddie Mac (the Enterprises) and the Federal Home Loan Banks (FHLBanks) in 2023 to promote access to financing for affordable, sustainable, and equitable housing and targeted economic development.

“FHFA maintains a keen focus on ensuring the entities we regulate fulfill their missions to support access to housing opportunities in a safe and sound manner,” said Director Sandra L. Thompson. “Ongoing affordability challenges throughout the country only heighten the importance of this responsibility.”

Key 2023 activities highlighted in this report include:

Together, the Enterprises purchased over 136,000 single-family mortgages for low- and moderate-income borrowers through their core affordable housing programs, HomeReady and Home Possible. Both Enterprises also introduced enhancements to these programs, adding a credit of $2,500 for very low-income borrowers that lenders must pass through to borrowers by applying it to the down payment or closing costs.

The Enterprises collectively purchased approximately 15,000 Special Purpose Credit Program (SPCP) loans through both lender-sponsored initiatives and their proprietary SPCPs, supporting homeownership for many borrowers in underserved communities.

Pursuant to their Equitable Housing Finance Plans, the Enterprises partnered with vendors responsible for collecting rent payment data from participating multifamily housing property owners and formatting it for dissemination to credit bureaus.

The Enterprises invested over $1.7 billion last year in Low-Income Housing Tax Credit (LIHTC) equity, including transactions that support housing in Duty to Serve-designated rural areas, preserve affordable housing, support mixed-income housing, provide supportive housing, or meet other affordable housing objectives.

Under the FHLBanks’ Affordable Housing Programs (AHP), LIHTC properties represented more than 43 percent of their total General Fund projects and 55 percent of their total General Fund rental projects.

​The FHLBanks awarded $446.9 million through their AHPs in 2023, almost $180 million more than in 2022. This funding supported more than 33,000 housing units. The FHLBanks also funded approximately $4.2 billion in Community Investment Program (CIP) housing advances in 2023, supporting almost 32,000 units, representing 11,000 more units than in 2022.

 

For full report, please click the source link above.

 

FEMA Major Disaster Declaration – Oregon Severe Winter Storms, Straight-line Winds, Landslides and Mudslides

FEMA Alert
April 13, 2024  

FEMA has issued a Major Disaster Declaration for the state of Oregon to supplement state, tribal and local recovery efforts in areas affected by severe winter storms, straight-line winds, landslides and mudslides from January 10-22, 2024.  The following counties have been approved for assistance:

Public Assistance:

  • Benton
  • Clackamas
  • Coos
  • Hood River
  • Lane
  • Lincoln
  • Linn
  • Multnomah
  • Sherman
  • Siletz Indian Reservation
  • Tillamook
  • Wasco

 

Oregon Severe Winter Storms, Straight-line Winds, Landslides and Mudslides (DR-4768-OR)

President Joseph R. Biden, Jr. Approves Major Disaster Declaration for Oregon

Map of Affected Area

List of Affected Zip Codes

 

Additional Resources

FEMA’s web site

FEMA’s Disaster Declaration Process

Safeguard Properties Industry Alerts

HUD Moratorium on Foreclosure

VA’s Policy Regarding Natural Disasters

Freddie Mac Disaster Relief Policies

Fannie Mae’s Natural Disaster Relief Policies

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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