Pittsburg, KS Taking Initial Step in Land Bank Creation

On April 27, The Joplin Globe published an article titled Discussion for Pittsburg land bank to begin.

Discussion for Pittsburg land bank to begin

PITTSBURG, Kan. — The city of Pittsburg will take the first step this afternoon in what could become a way to fight blight and abandonment in neighborhoods, city leaders say.

Called a land bank, the tool was born in recent decades in metro cities such as St. Louis and Atlanta as a way to find a new use for vacant, abandoned and problem properties in the quest toward community development, according to Becky Gray, director of Housing and Community Development.

“We see several instances each year of lots that builders or developers don’t want to buy because the cost of demolition and prepping them again for new construction is too high, or the cost of renovations is too high to make it worth their time, and so those properties sit there longer, dilapidate further and help no one,” Gray said.

In many instances, she said, such a property is owned by an absentee owner who might have inherited a home when a long-distance relative died, and the property falls into disrepair, taxes aren’t paid or the home goes into foreclosure.

“We want to get them under local control, clean them up, and make them attractive to builders and developers,” Gray said.

Frank Alexander, a law professor who founded the Center for Community Progress and wrote a 2005 text on land banks, “Land Bank Authorities: A Guide for the Creation and Operation of Local Land Banks,” said in it that such properties “diminish the sense of community among neighbors, erase the value of lifelong investment in a home, and make it nearly impossible for cities and towns to attract and keep the creative, innovative, entrepreneurial citizens who will build the next economy.”

They also are targets for arson and crime, Alexander noted.

City Manager Daron Hall said a land bank is worth considering, because in addition to creating housing opportunities, it also gets properties back on the tax rolls.

Gray said a land bank was one of the recommendations that came out of the city’s housing study completed late in 2014.

“It gives us a tool to really plan strategically with a long-term vision of what the city can look like, to provide parcels for green space, designate them for a specific use, assemble them so tiny little lots that won’t hold houses desirable these days can be sold,” she said.

The Pittsburg City Commission’s study session is slated for 5:15 p.m. at the Beard-Shanks Law Enforcement Center before the 5:30 p.m. regular meeting.

The commission would need to approve an ordinance to create a land bank, and appoint a board of trustees to govern it, according to Hall. The board would establish priorities for which properties would be acquired, and a process and timeline for doing so.

“We really think this will make great strides toward neighborhood revitalization,” Gray said.

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About Safeguard 
Safeguard Properties is the mortgage field services industry leader, preserving vacant and foreclosed properties across the U.S., Puerto Rico, Virgin Islands and Guam. Founded in 1990 by Robert Klein and headquartered in Cleveland, Ohio, Safeguard provides the highest quality service to our clients by leveraging innovative technologies and proactively developing industry best practices and quality control procedures. Consistent with Safeguard’s values and mission, we are an active supporter of hundreds of charitable efforts across the country. Annually, Safeguard gives back to communities in partnership with our employees, vendors and clients. We also are dedicated to working with community leaders and officials to eliminate blight and stabilize neighborhoods. Safeguard is dedicated to preserving today and protecting tomorrow.  Website: www.safeguardproperties.com.

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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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Linda Erkkila

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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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Carrie Tackett

Business Development Safeguard Properties