Archives For: vacant property
Herkimer County to Withdraw from Land Bank
The Utica Observer-Dispatch published an article discussing a recent decision by Herkimer County, N.Y., to withdraw from the Greater Mohawk Valley Land Bank.
12 Jun 2020
Dutchess County Creating Joint Land Bank with City of Poughkeepsie
The Poughkeepsie Journal published an article outlining a recently approved plan by the New York State Legislature for the creation of a joint land bank between Dutchess County and the City of Poughkeepsie.
11 Jun 2020
Alabama Among Worst in Nation for Empty Housing
Al.com published a report detailing vacant property rates in Alabama. Currently, the state ranks fourth in the country for raw vacancy, with more than 18 percent of statewide housing units reported as empty.
25 Feb 2020
California Bill Aims to Fine Companies in Possession of Vacant Homes
California Senate Bill 1079 would allow jurisdictions (cities/counties) to impose fines on corporations owning multiple single-family homes that have been vacant for more than 90 days. It also would grant tenants the right of first refusal to purchase foreclosed properties. The legislation was introduced on February 19.
19 Feb 2020
Federal Reserve Bank of Atlanta: Foreclosure Externalities and Vacant Property Registration Ordinances
The Federal Reserve Bank of Atlanta published a white paper that tests the effectiveness of vacant property registration ordinances (VPROs) in reducing negative externalities from foreclosures.
19 Nov 2019
Exercising Caution in Property Preservation
On May 27, DS News published an article authored by McCalla Raymer Leibert Pierce (MRLP) Managing Partner Marcos Posada. In it, Posada explores Illinois vacant property laws and provides insight into the importance for servicers to engage properties cautiously.
27 May 2019
City Seeks Public’s Help in Identifying Zombie Properties
WRFA published an article discussing a plan by City of Jamestown, N.Y., to apply for a state grant provided by the Zombie and Vacant Properties Remediation and Prevention Initiative.
12 Feb 2019
St. Louis Prepares to Launch ‘Dollar House’ Program
St. Louis Public Radio (NPR) published an article discussing a St. Louis, Mo., pilot program aiming to reduce the number of vacant, city-owned properties.
28 Jan 2019
‘Zombies 2.0’: Attorney General James announces $9 Million in Grants for Communities Dealing with Vacant & Abandoned Properties
The office of New York State Attorney General Letitia James issued a press release announcing the expansion of a grant initiative to address the growing statewide issue of vacant and abandoned homes that are not maintained during a prolonged foreclosure proceeding.
28 Jan 2019
The Hidden Costs of Vacant Properties
Hot Air published an article discussing the negative impacts of vacant properties in cities like St. Louis, Mo.
21 Dec 2018