Brattleboro’s Vacant Property Ordinance Sent Back for Revisions

One Community Update
December 4, 2024

Source: Brattleboro Reformer

A vacant building ordinance will be revised again before adoption.

Susan Bellville, local property manager, told the Select Board the ordinance would be punitive in situations where homes are difficult to sell due to various legal issues or vacant after an owner dies and the heirs are figuring out what to do with the estate. She suggested having an exemption to allow owners to notify the town and put forward a plan to address such scenarios.

“You don’t want to see properties improperly punished,” former board member Dick DeGray said in support of holding off on adoption.

He wondered if Lester Dunklee’s former machine shop might be subject to the ordinance since Dunklee retired.

Board members decided to wait a month to revisit the ordinance with edits from town staff rather than make an amendment during the second reading Tuesday when the ordinance could have been finalized.

“I would personally like to see this given some more time and thought,” Board Chairman Daniel Quipp said. “I know a great deal of time and thought has already gone into it.”

A first reading of the ordinance was held in May. Last month, the former Sportmen’s Lounge on Canal Street was destroyed in a fire and the former Friendly’s on Putney Road was demolished. Both buildings would have been classified as vacant under the ordinance.

Some changes to the proposed ordinance were made based on input from the board and public at the first reading.

“So first we did some work on what a definition of a vacant building actually is,” said Steve Hayes, town planning technician. “There had been some feedback at the previous meeting with concern about what constitutes vacancy and whether there might be some potential loopholes where very sporadic occupancy could be used to avoid having to actually register as a vacant building.”

Hayes said the ordinance now defines a “vacant building” as any structure not continuously occupied by an “authorized person” for a permitted land use — except for specific exemptions such as a summer home, warehouse or utility facility — for a period of 180 days or more. The definition of “authorized person” is anyone with “the legal right to occupy the premises for a period of at least 30 days, such as a property owner, a legal tenant or a designated agent and/or property manager for the owner,” and “authorized use” would include “a duly permitted land use approved by all applicable agencies, state, local or federal.”

Town staff are suggesting a flat registration fee of $1,000 for the year with no distinction between residential and commercial use, size or number of units. That fee would double for each year a property needs to be registered until it hits $10,000 then it would increase annually by $5,000.

Hayes said the proposed fees are comparable to Barre City’s, which is $500 every six months, and “a bit higher” than Rutland’s, which is $100 a year.

“We also require that if a owner of a vacant property is not able to actually respond to requests from the town that they be designating someone in the area who can do that within 24 hours,” he said. “And we’ve deliberately set the multiple unit vacancy rate at 75 percent so that very small duplexes, three-unit type residential dwellings, would not be actually applicable to this until they’re completely empty, because we didn’t want to be overly punitive to that sort of small type of housing, and that also on the other side is avoiding being overly punitive to larger residential or commercial type properties where there are a low number of vacancies that are just the result of normal economics.”

Board member Richard Davis called the fees “too low,” given that the buildings could present “a life or death issue.”

“It’s a miracle that nobody died in the Sportsmen’s fire,” he said. “I don’t know if McNeill’s were to qualify as an abandoned building but we had a death there.”

Ray McNeill, owner of McNeill’s Brewery, died in the 2022 fire. He had been living in an apartment in the building, which the town had deemed structurally unsound.

Civil penalties of $800 per day can be incurred for violations including not paying the fees and not keeping the structure secure. However, the matter would then be handled by civil court. And if tickets continued to accumulate without any action, the town could ask the court for permission to demolish the building.

Planning Director Sue Fillion estimated the town has about five buildings that would qualify as vacant under the ordinance. She said she wasn’t involved in the enforcement on the Sportsmen’s Lounge, however, “we were putting a lot of pressure on the property owner to board it up, keep it boarded up, all those things.”

With the former Friendly’s, Fillion said, “We had no teeth. All we could do is say, ‘Hey, when are you going to tear that down?'”

Fillion said the former Home Depot wouldn’t qualify since the plaza has 10 units and only about four are vacant.

 

For full report, please click the source link above.

89 Condemned Properties in Terre Haute have been Demolished This Year So Far

One Community Update
December 4, 2024

Source: www.wthitv.com

Mayor Brandon Sakbun says usually 40 to 60 condemned properties are demolished in an average year. This year, the city has taken down 89 condemned properties.

The mayor says the increase in home demolitions this year is due to the increase in condemned hearings, which is the legal process for demolishing a home.

There’s now one hearing every three months rather than once a year, which makes the process more efficient.

“That’s what we do as the City of Terre Haute, it is the practice of continuing improvement,” Sakbun said. “We ask ourselves how can we be more efficient and the taxpayer dollars are being responsibly spent to make the community better.”

Julie White lives near a recently demolished blighted property. White says it makes the town look better and keeps the streets safer.

“I hope they take down more,” White said. “That will be just great for our town.”

The mayor says a number of the city’s vacant lots are being reimagined and multiple neighborhoods were built this year.

Sakbun says continuing to get rid of these blighted properties will strengthen Terre Haute.

“Data continues to show that Terre Haute is growing, we are coming back.”

The mayor says they’re hoping to take 20 more blighted properties down this winter.

 

For full report, please click the source link above.

Fulton Seeks Block Grant Funds to Demolish 36 Dangerous Vacant Properties

One Community Update
December 4, 2024

Source: www.krcgtv.com

The city of Fulton announced on December 12th that it will submit a request to the Missouri Department of Economic Development for the release of Community Development Block Grant funds.

The funds are authorized under Title I Housing and Community Development Act of 1974.

According to a press release from the city, the funds will be used to demolish 36 vacant residential properties throughout the city.

The release states the city has identified the structures set for demolition as dangerous and dilapidated in accordance with the city’s dangerous building ordinance.

David McCormack, a resident of Fulton whose property sits across from of one the structures set to be demolished says it has sat vacant for around 17 years now.

“I would like to see it gone honestly, it’s turning into an eyesore. In the summer you can see the trees growing around the house, I think at one time there might have been some drug dealing over there or something,” McCormack explained.

The project includes environmental review, title clearance, asbestos inspection and abatement, demolition, site clearance, and reseeding of disturbed ground.

The project is estimated to cost $587,029 with $200,000 coming from the Community Development Block Grant funds.

 

For full report, please click the source link above.

FHFA Announces Conforming Loan Limit Values for 2025

Industry Update
November 26, 2024

Source: Federal Housing Finance Agency

The Federal Housing Finance Agency (FHFA) today announced the conforming loan limit values (CLLs) for mortgages acquired by Fannie Mae and Freddie Mac (the Enterprises) in 2025.  In most of the United States, the 2025 CLL value for one-unit properties will be $806,500, an increase of $39,950 (or 5.2 percent) from 2024.

National Baseline

The Housing and Economic Recovery Act (HERA) requires FHFA to adjust the Enterprises’ baseline CLL value each year to reflect the change in the average U.S. home price.  Earlier today, FHFA published its third quarter 2024 FHFA House Price Index® (FHFA HPI) report, which includes statistics for the increase in the average U.S. home value over the last four quarters.  According to the nominal, seasonally adjusted, expanded-data FHFA HPI, house prices increased 5.21 percent, on average, between the third quarters of 2023 and 2024.  Therefore, the baseline CLL in 2025 will increase by the same percentage.

High-Cost Areas

For areas in which 115 percent of the local median home value exceeds the baseline conforming loan limit value, the applicable loan limit will be higher than the baseline loan limit.  HERA establishes the high-cost area limit in those areas as a multiple of the area median home value, while setting the ceiling at 150 percent of the baseline limit.  Median home values generally increased in high-cost areas in 2024, which increased their CLL values.  The new ceiling loan limit for one-unit properties will be $1,209,750, which is 150 percent of $806,500.

Special statutory provisions establish different loan limits for Alaska, Hawaii, Guam, and the U.S. Virgin Islands.  In these areas, the baseline loan limits will be $1,209,750 for one-unit properties.

Due to rising home values, the CLL values will be higher in all but six U.S. counties or county equivalents.

 

For full report, please click the source link above.

 

HUD Announces 2025 Loan Limits

Industry Update
November 26, 2024

Source: U.S. Department of Housing and Urban Development

The U.S. Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA) is announcing new loan limits for calendar year 2025 for its Single Family Title II forward and Home Equity Conversion Mortgage (HECM) mortgage insurance programs. Loan limits for most of the country will increase in the coming year due to the continued appreciation of home prices over the past year.

FHA must update its annual loan limits each year using a formula prescribed in the National Housing Act (NHA). This formula uses county or Metropolitan Statistical Area (MSA) home sale data to derive new loan limits for the three cost categories established by the law. The NHA requires FHA to establish its floor and ceiling loan limits based on the national conforming loan limit set by the Federal Housing Finance Agency (FHFA) for conventional mortgages owned or guaranteed by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). This floor applies to those areas where 115 percent of the median home price is less than the floor limit. Any area where the loan limit exceeds this floor is considered a high-cost area. In these areas, FHA establishes varying loan limits above the floor based on the respective median home prices in each area. The NHA requires FHA to set its maximum loan limit ceiling for a one-unit property for high-cost areas at 150 percent of the national conforming loan limit. Forward mortgage limits for the special exception areas of Alaska, Hawaii, Guam, and the U.S. Virgin Islands are adjusted further by FHA to account for higher costs of construction.

“Today’s announcement of loan limit increases, calculated according to statute, enables the FHA program to keep up with nationwide price appreciation,” said Federal Housing Commissioner Julia Gordon. “Regular adjustment of loan limits ensures that FHA financing continues to be available in all markets to all those who rely on our programs to access homeownership.”

 

For full report, please click the source link above.

 

FEMA Major Disaster Declaration – Puerto Rico Tropical Storm Ernesto

FEMA Alert
November 27, 2024  

FEMA has issued a Major Disaster Declaration for the territory of Puerto Rico to supplement recovery efforts in areas affected by the Tropical Storm Ernesto from August 13-16, 2024.  The following counties have been approved for assistance:

Public Assistance:

  • Aguas Buenas
  • Aibonito
  • Anasco
  • Barranquitas
  • Canovanas
  • Ceiba
  • Coamo
  • Comerio
  • Corozal
  • Hormigueros
  • Jayuya
  • Las Marias
  • Loiza
  • Manati
  • Maricao
  • Maunabo
  • Mayaguez
  • Naguabo
  • Orocovis
  • San Lorenzo
  • San Sebastian
  • Santa Isabel
  • Vega Alta
  • Vieques
  • Villalba
  • Yabucoa

 

Puerto Rico Tropical Storm Ernesto (DR-4850-PR)

President Joseph R. Biden, Jr. Approves Major Disaster Declaration for the Government of Puerto Rico

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 – Confederated Tribes of the Colville Reservation Wildfires

FEMA Alert
November 26, 2024  

FEMA has issued a Major Disaster Declaration for the Confederated Tribes of the Colville Reservation to supplement tribal recovery efforts in areas affected by wildfires from July 17 – August 21, 2024.  The following areas have been approved for assistance:

Public Assistance:

  • Colville Indian Reservation

 

***Please note: only properties associated with the Colville Indian Reservation are approved for assistance.***

 

Confederated Tribes of the Colville Reservation Wildfires (DR-4849-WA)

President Joseph R. Biden, Jr. Approves Major Disaster Declaration for Confederated Tribes of the Colville Reservation

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 – Kentucky Remnants of Hurricane Helene

FEMA Alert
November 26, 2024  

***LAST UPDATED: 1/6/25***

FEMA has issued a Major Disaster Declaration for the state of Kentucky to supplement state, tribal, and local recovery efforts in areas affected by the remnants of Hurricane Helene from September 27-30, 2024.  The following counties have been approved for assistance:

Public Assistance:

  • Anderson
  • Bath
  • Bell
  • Bourbon
  • Bracken
  • Breathitt
  • Carter
  • Clark
  • Clay
  • Elliot
  • Estill
  • Fleming
  • Franklin
  • Greenup
  • Harlan
  • Harrison
  • Jackson
  • Johnson
  • Lawrence
  • Lee
  • Letcher
  • Lewis
  • Magoffin
  • Menifee
  • Montgomery
  • Morgan
  • Nicholas
  • Owsley
  • Powell
  • Robertson
  • Rockcastle
  • Rowan
  • Washington
  • Wolfe

 

Kentucky Remnants of Hurricane Helene (DR-4848-KY)

President Joseph R. Biden, Jr. Approves Major Disaster Declaration for the Commonwealth of Kentucky

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

Foreclosure Rates for All 50 States in October 2024

Industry Update
November 15, 2024

Source: ATTOM

In October 2024, the U.S. housing market experienced a slight uptick in foreclosure activity, with 30,784 properties filing for foreclosure—marking a 4% increase from the previous month but an 11% decrease year-over-year. This nuanced trend shows foreclosure levels remain relatively low despite monthly rises. Foreclosure starts rose 6% from September, while completed foreclosures increased by 12%, reflecting a modest escalation in proceedings that may be influenced by broader economic conditions.

Rob Barber, CEO of ATTOM, noted that while foreclosure activity has risen, seasonal factors may offer brief relief, but economic dynamics should be closely monitored as we move into 2025. Nevada led the country with the highest foreclosure rate, followed by New Jersey and Florida, underscoring regional disparities in foreclosure rates across the U.S.

Foreclosure Activity Report by State (PDF)
 

For full report, please click the source link above.

 

Trump Names Former NFL Player Scott Turner as his Pick for HUD Secretary

Industry Update
November 22, 2024

Source: CNN

President-elect Donald Trump on Friday named former NFL player and White House official Scott Turner to lead the Department of Housing and Urban Development.

If confirmed by the Senate, Turner would lead an agency that enforces fair housing laws, administers mortgage insurance to prospective homeowners and gives rental subsidies to lower-income families, among other things.

Turner serves as chair of the Center for Education Opportunity at the America First Policy Institute, an outside group with close ties to Trump’s transition team that has helped develop the president-elect’s agenda.

During Trump’s first term, Turner served as the executive director of the White House Opportunity and Revitalization Council, an initiative the president-elect created in 2018 to “encourage public and private investment” in thousands of low-income census tracts designated as so-called “opportunity zones” by Trump’s 2017 Tax Cuts and Jobs Act. That law created a massive new tax incentive that made it cheaper to back either real estate projects or operating businesses in those areas. In 2019, Turner traveled with former HUD Secretary Ben Carson touting the program.

Trump, in announcing his selection Friday night, said Turner helped in that role “to lead an Unprecedented Effort that Transformed our Country’s most distressed communities,” adding: “Those efforts, working together with former HUD Secretary, Ben Carson, were maximized by Scott’s guidance in overseeing 16 Federal Agencies which implemented more than 200 policy actions furthering Economic Development.”

Turner grew up in Texas and spent nine years in the NFL, playing for the Washington Redskins, which has since changed its name to the Washington Commanders; the San Diego Chargers; and the Denver Broncos.

After leaving the league, Turner mounted an unsuccessful run for California 50th Congressional District in 2006. He was elected to the Texas House in 2012 and finished out his term in 2017 after losing a bid for the state House speakership.

 

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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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