STL County Land Bank Targets Abandoned Properties

One Community Update
May 2, 2025

Source: www.stlamerican.com

A new land bank will be an investment in St. Louis County’s future according to County Executive Sam Page.

Sponsored by Council Chair Rita Days and Councilwoman Shalonda Webb, Page signed Bill No. 57 on Monday, formally establishing the Saint Louis County Land Bank. The inaugural county agency of this type has a goal of restoring vacant and tax-delinquent properties to productive use.

“The Saint Louis County Land Bank restores hope and opportunity for our communities,” said Dr. Page in a release.

“Vacant lots and abandoned buildings hurt everyone. This land bank will help us turn eyesores into assets – creating safe, affordable housing, vibrant green spaces, and stronger neighborhoods for generations to come.”

According to the County, it is home to thousands of vacant, abandoned, and tax-delinquent properties, with many long trapped in “legal limbo.” Many of the properties are in north St. Louis County.

“The new land bank offers a powerful, targeted tool to reclaim, restore, and redevelop these properties, strengthening neighborhoods and supporting sustainable growth,” according to Page.

Tony L. Smee, Department of Revenue director, and his office will identify properties eligible for acquisition and provide a list to the land bank board.

Properties will then be “strategically” selected and offered clean titles through court-supervised sales.

The initiative is bolstered by a $1 million investment in Rams settlement funding and sustained by three revenue streams. This, according to the county, [will give] buyers legal certainty and confidence.”

A land back board will be appointed by the County Executive, County Council, and the Municipal League of Metro St. Louis. House Bill 2062, which was passed during the 2024 state legislative session, expanded local authority to create land banks.

St. Louis County is the first jurisdiction in the state to enact a land bank agency under the new statute.

A group of diverse partners, the St. Louis County Land Bank Coalition, worked for passage of the bill last year.

The partners included former state Rep. Kevin Windham, Legal Services of Eastern Missouri, the Municipal League of Metro St. Louis, Beyond Housing, the St. Louis Economic Development Partnership, The Housing Partnership, Spanish Lake Community Development Corporation, The Center for Community Progress, and others.

“I’ve watched homes in our community sit empty for years—windows shattered, roofs caved in, and hope slipping through the cracks,” said Windham, who originally elected from the state’s 85th House district.

After redistricting in 2022, he was elected from the 74th district, which includes 22 municipalities and portions of unincorporated St. Louis County. Among the communities are Cool Valley, Wellston, Vinita Park and Pasadena Hills.

“The unanimous council vote is more than just policy, it’s a promise to neighborhoods like mine that we haven’t been forgotten. This land bank ordinance is a step toward restoration, toward dignity, and toward the future our communities deserve.”

St. Louis Realtors President Stacey Sanders said, called the bill and its signing, “a historic moment for St. Louis County.

“The creation of this land bank adds a critical tool to transform blighted areas into opportunity. Helping to reclaim properties, stabilize neighborhoods, and open the door to new investment. We are proud to have fueled this effort from the beginning,” she said.

According to the County, the inaugural Land Bank is unique because it can deliver:

Selectivity – “The County chooses which properties to take—not everything by default.”

Clean titles – “Court-supervised sales mean no legal surprises for future buyers.”

Funding – It’s built to last, with three revenue streams plus an initial $1 million investment.

The banks will also help create safer neighborhoods by reducing blight and vacancy, create opportunities for new homeowners, local developers, and nonprofits, and create a fair and transparent system designed with input from the public.

“Together, we worked tirelessly to ensure that local leaders have the tools they needed to revitalize blighted properties and build a stronger future for all residents of St. Louis County,” said Sanders of the Coalition.

 

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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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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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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Business Development

Carrie Tackett

Business Development Safeguard Properties