Strategic Community Stabilization—2008 HERA Act and Beyond

Joe Schilling (Jms33@vt.edu) Metropolitan Institute, Virginia Tech and

National Vacant Properties Campaignwww.vacantproperties.org

Today’s Game Plan

Joe Schilling (NVPC): Introductions and Overview

Alan Mallach (Brookings/NHI Fellow): Strategic Planning Framework

Respondents: Ali Solis, Enterprise Partners Teresa Brice, Phoenix LISC Andriana, Minneapolis LISC

Community Stabilization Grants

Housing and Economic Recovery Act (HR 3221) enacted into law summer of 2008

Title III created neighborhood stabilization program - appropriated $3.92B

HUD adopted regs and formula allocation Sept. 29

http://www.hud.gov/offices/cpd/communitydevelopment/programs/neighborhoodspg/nspnotice.pdf

National Vacant Properties Campaign

(www.vacantproperties.org) Build a national coalition of practitioners,

policymakers, and experts Convene policy & practice forums

First National VP Forum, Pittsburgh (2007) Second National VP Forum, Louisville, June 1-3rd 2009

Provide technical assistance Workshops, Roundtables, etc. Policy Assessments

NVPC Technical Assistance Program

Translating Policy into Practice

Observations about our Foreclosure and Financial Crisis Foreclosures will get worse before

getting better Three Policy Perspectives

Foreclosure Prevention Code Enforcement and Neighborhood Stabilization REO Acquisition/Disposition

Tale of Two Cities Strong Markets Weak Markets

Community Impacts from Vacant & Foreclosed Homes Decreases in neighborhood property values Increases in local government costs to track

inventory, maintain, abate, demolish, etc. NVPC Code Enforcement Survey:http://action.smartgrowthamerica.org/t/2852/

questionnaire.jsp?questionnaire_KEY=48 Decreases in local government revenues Convergence and compounding of community

impacts

Vacant Property Community Stabilization Strategies Community Data—Real property

information systems Code Enforcement—First responders

Vacant property registration ordinances Inspection and demolition resources

Property Control Entities—Land banking and REO acquisitions avenues

Vacant & Foreclosed Properties

State Policy Agenda Establish real property information exchanges

and data base networks (REOs, foreclosure, code cases)

Expand (do not constrict) local government code enforcement capacity and powers

Provide and technical assistance and resources to address vacant and foreclosed homes and stabilize neighborhoods.

Establish land bank authorities (state or country level) or adapt existing models to facilitate REO acquisitions and disposition

Establish REO acquisition and management funds

Emerging Policy Discussions

Vacant Property Registration Ordinances Code Enforcement Coordination and

Communication (Mortgage Bankers Association’s web site)

CDCs Partnerships Acquisition and Conveyance

Entity—land banks, land trusts, HUD asset control areas, development authorities?

Neighborhood planning and process

Additional Resourceswww.vacantproperties.org

NeighborWorks: www.nw.org Federal Reserve Banks Foreclosure Resource

Centers http://www.federalreserve.gov/consumerinfo/foreclosure.htm

Genesee County Land Bank: www.thelandbank.org

Genesee Institute: www.geneseeinstitute.org LISC: www.liscnet.org/resources Enterprise: enterprisecommunity.org Living Cities: livingcities.org Fannie Mae Foundation: www.knowledgeplex.org Brookings Center on Urban & Metropolitan Policy:

www.brook.edu National Housing Institute: www.nhi.org