Dayton Approves New Vacant Home Rehab Program to Create New Market-rate Homes

Industry Update
August 14, 2023

Source: Dayton Daily News

Dayton needs new housing and the city has partnered with the Montgomery County Land Bank to fix up vacant homes and sell them as market-rate product.

The city is putting $2.4 million of its federal COVID relief funds toward the program, which will turn vacant and blighted structures into safe, stable and good-quality housing, said Tony Kroeger, Dayton’s planning manager.

“We believe this will not only save structures that would otherwise be demolished, but really introduces a new housing option into the neighborhoods,” he said.

Dayton plans to spend about $22 million demolishing around 1,100 nuisance and troubled structures using federal COVID aid and other funding sources over the next few years.

But the city also wants to divert some structures on its nuisance and pre-nuisance lists away from demolition because they can be renovated into good-quality and habitable homes at a time when there is a big local need for more housing, Kroeger said.

For full report, please click the source link above.

 

 

 

 

 

 

 

 

 

 

 

Reducing the Number of Vacant Properties in St. Louis, One at a Time

Industry Update
August 15, 2023

Source: fox2now.com

More than 20,000 properties are sitting vacant in the City of St. Louis. That data is courtesy of a partnership between the city and the STL Vacancy Collaborative.

“That includes, approximately, about 14,000 vacant lots and about 8,000 to 9,000 vacant buildings. Most of that is concentrated to the north side of the city—over 60%,” Torrey Park, director of the STL Vacancy Collaborative, said.

The question many people are wondering is now that the city knows where the vacant properties are located and who owns them, what happens next?

“Property is being fixed up, being stabilized, renovated; some of it is being torn down. Some of it is being repurposed as community gardens,” managing attorney Peter Hoffman said. “So, there are already successes. We have to also remember this is a 70-year problem in the making. This did not happen overnight.”

“Obviously, it costs money to both stabilize wherever possible and demolish vacant buildings. We’ve allocated a lot of funding to it,” Nahuel Fefer, executive director of the city’s Community Development Administration, said. “But we’ve now, for the first time, allocated $13 million in ARPA funds to the stabilization of privately owned properties.”

He said funding from the city is helping restore homes.

“Prop NS has stabilized over 150 properties and sold 39 of those. With the CDA home repair program, where we allocate another $15 million of ARPA funds to scaling and expanding the city home repair program. We’ve completed 274 this year to date,” Fefer said.

For full report, please click the source link above.

 

 

 

 

 

 

 

 

 

 

 

FEMA Major Disaster Declaration – Tennessee Severe Storms and Straight-line Winds

FEMA Alert
August 17, 2023

FEMA has issued a Major Disaster Declaration for areas of the state of Tennessee to supplement state, tribal and local recovery efforts in the areas affected by severe storms and straight-line winds from June 25-26, 2023.  The following areas has been approved for assistance:

Public Assistance:

  • Fayette
  • Shelby
  • Tipton

 

Tennessee Severe Storms and Straight-line Winds (DR-4729-TN)

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 – Illinois Severe Storms and Flooding

FEMA Alert
August 15, 2023

***UPDATED 9/21/23***

FEMA has issued a Major Disaster Declaration for areas of the state of Illinois to supplement state, tribal and local recovery efforts in the areas affected by severe storms and flooding from June 29 – July 2, 2023.  The following areas has been approved for assistance:

Individual Assistance:

  • Cooke

Public Assistance:

  • Christian
  • Clark
  • Coles
  • Cumberland
  • De Witt
  • Douglas
  • Edgar
  • Hancock
  • Macon
  • McDonough
  • Monroe
  • Morgan
  • Moultrie
  • Pike
  • Sangamon
  • Scott
  • Vermilion
  • Warren
  • Washington

 

Illinois Severe Storms and Flooding (DR-4728-IL)

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

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 – Montana Flooding

FEMA Alert
August 12, 2023

FEMA has issued a Major Disaster Declaration for areas of the state of Montana to supplement state, tribal and local recovery efforts in the areas affected by flooding from April 10 – April 26, 2023.  The following areas has been approved for assistance:

Public Assistance:

  • Blaine
  • Daniels
  • Fort Peck Indian Reservation
  • Hill
  • Park
  • Roosevelt
  • Sheridan
  • Valley

 

Montana Flooding (DR-4726-MT)

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

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 – Mississippi Severe Storms, Straight-line Winds, and Tornadoes

FEMA Alert
August 12, 2023

***LAST UPDATED 10/11/23***

FEMA has issued a Major Disaster Declaration for areas of the state of Mississippi to supplement state, tribal and local recovery efforts in the areas affected by severe storms, straight-line winds and tornadoes from June 14 – June 19, 2023.  The following areas has been approved for assistance:

Individual Assistance:

  • Jackson
  • Jasper

Public Assistance:

  • Adams
  • Amite
  • Attala
  • Claiborne
  • Copiah
  • Covington
  • Franklin
  • Greene
  • Holmes
  • Humphreys
  • Itawamba
  • Jackson
  • Jasper
  • Jefferson
  • Jefferson Davis
  • Jones
  • Lawrence
  • Leake
  • Madison
  • Mississippi Choctaw Indian Reservation
  • Neshoba
  • Newton
  • Perry
  • Rankin
  • Scott
  • Simpson
  • Smith
  • Warren
  • Wayne
  • Yazoo

 

Mississippi Severe Storms, Straight-line Winds, and Tornadoes (DR-4727-MS)

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

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 – New Jersey Severe Storm and Flooding

FEMA Alert
August 11, 2023

FEMA has issued a Major Disaster Declaration for areas of the state of New Jersey to supplement state, tribal and local recovery efforts in the areas affected by a severe storm and flooding from July 14 – July 15, 2023.  The following areas has been approved for assistance:

Public Assistance:

  • Warren

 

New Jersey Severe Storm and Flooding (DR-4725-NJ)

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

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 – Hawaii Wildfires

FEMA Alert
August 10, 2023

FEMA has issued a Major Disaster Declaration for areas of the state of Hawaii to supplement state, tribal and local recovery efforts in the areas affected by wildfires beginning August 8. 2023 and continuing.  The following areas has been approved for assistance:

Individual Assistance:

  • Maui

Public Assistance:

  • Hawaii
  • Maui

 

Hawaii Wildfires (DR-4724-HI)

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

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 Fire Management Assistance Declaration – Hawaii Lahaina Fire

FEMA Alert
August 9, 2023

FEMA has issued a Fire Management Assistance Declaration for the state of Hawaii to supplement state, tribal and local response efforts in areas affected by the Lahaina Fire beginning August 9, 2023 and continuing.  The following areas have been approved for assistance:

Public Assistance:

  • Maui

 

Hawaii Lahaina Fire (FM-5475-HI)

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 Fire Management Assistance Declaration – Hawaii Mauna Kea Beach Fire

FEMA Alert
August 9, 2023

FEMA has issued a Fire Management Assistance Declaration for the state of Hawaii to supplement state, tribal and local response efforts in areas affected by the Mauna Kea Beach Fire beginning August 8, 2023 and continuing.  The following areas have been approved for assistance:

Public Assistance:

  • Hawaii

 

Hawaii Mauna Kea Beach Fire (FM-5478-HI)

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