Strategic Community Stabilization - 2008 HERA Act and Beyond

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  • Take Questions throughout. Caveat: we are not HUD staff, we are not experts in the regulations of HUD on this program, we do have experience working with HUD programs
  • Launched in 2003 with assistance from Fannie Mae Foundation, EPA, Ford and Surdna Foundations NVPC Executive Committee: Smart Growth America, Local Initiative Support Corporation (LISC), Virginia Tech’s Metropolitan Institute, and the Genesee Institute (Flint, Michigan) Advisory Committee: APA, NAR, NTHP, ICMA, NHI, Fels Institute of Government, CEOs for Cities, etc. The Campaign fills an important void To share best practices through a national network of practitioners and experts To research and disseminate model policies and programs To communicate the case for vacant property reclamation To build capacity for change through technical assistance
  • Strategic Community Stabilization - 2008 HERA Act and Beyond

    1. 1. Strategic Community Stabilization—2008 HERA Act and Beyond Joe Schilling ( [email_address] ) Metropolitan Institute, Virginia Tech and National Vacant Properties Campaign www.vacantproperties.org
    2. 2. Today’s Game Plan <ul><li>Joe Schilling (NVPC): Introductions and Overview </li></ul><ul><li>Alan Mallach (Brookings/NHI Fellow): Strategic Planning Framework </li></ul><ul><li>Respondents: </li></ul><ul><ul><li>Ali Solis, Enterprise Partners </li></ul></ul><ul><ul><li>Teresa Brice, Phoenix LISC </li></ul></ul><ul><ul><li>Andriana, Minneapolis LISC </li></ul></ul>
    3. 3. Community Stabilization Grants <ul><li>Housing and Economic Recovery Act (HR 3221) enacted into law summer of 2008 </li></ul><ul><li>Title III created neighborhood stabilization program - appropriated $3.92B </li></ul><ul><li>HUD adopted regs and formula allocation Sept. 29 </li></ul><ul><li>http://www.hud.gov/offices/cpd/communitydevelopment/programs/neighborhoodspg/nspnotice.pdf </li></ul>
    4. 4. National Vacant Properties Campaign ( www.vacantproperties.org ) <ul><li>Build a national coalition of practitioners, policymakers, and experts </li></ul><ul><li>Convene policy & practice forums </li></ul><ul><ul><li>First National VP Forum, Pittsburgh (2007) </li></ul></ul><ul><ul><li>Second National VP Forum, Louisville, </li></ul></ul><ul><ul><li>June 1-3rd 2009 </li></ul></ul><ul><li>Provide technical assistance </li></ul><ul><ul><li>Workshops, Roundtables, etc. </li></ul></ul><ul><ul><li>Policy Assessments </li></ul></ul>
    5. 5. NVPC Technical Assistance Program Translating Policy into Practice
    6. 6. Observations about our Foreclosure and Financial Crisis <ul><li>Foreclosures will get worse before getting better </li></ul><ul><li>Three Policy Perspectives </li></ul><ul><ul><li>Foreclosure Prevention </li></ul></ul><ul><ul><li>Code Enforcement and </li></ul></ul><ul><ul><li>Neighborhood Stabilization </li></ul></ul><ul><ul><li>REO Acquisition/Disposition </li></ul></ul><ul><li>Tale of Two Cities </li></ul><ul><ul><li>Strong Markets </li></ul></ul><ul><ul><li>Weak Markets </li></ul></ul>
    7. 7. Community Impacts from Vacant & Foreclosed Homes <ul><li>Decreases in neighborhood property values </li></ul><ul><li>Increases in local government costs to track inventory, maintain, abate, demolish, etc. </li></ul><ul><li>NVPC Code Enforcement Survey: </li></ul><ul><li>http://action.smartgrowthamerica.org/t/2852/questionnaire.jsp?questionnaire_KEY=48 </li></ul><ul><li>Decreases in local government revenues </li></ul><ul><li>Convergence and compounding of community impacts </li></ul>
    8. 8. Vacant Property Community Stabilization Strategies <ul><li>Community Data —Real property information systems </li></ul><ul><li>Code Enforcement —First responders </li></ul><ul><ul><li>Vacant property registration ordinances </li></ul></ul><ul><ul><li>Inspection and demolition resources </li></ul></ul><ul><li>Property Control Entities —Land banking and REO acquisitions avenues </li></ul>
    9. 9. Vacant & Foreclosed Properties State Policy Agenda <ul><li>Establish real property information exchanges and data base networks (REOs, foreclosure, code cases) </li></ul><ul><li>Expand (do not constrict) local government code enforcement capacity and powers </li></ul><ul><li>Provide and technical assistance and resources to address vacant and foreclosed homes and stabilize neighborhoods. </li></ul><ul><li>Establish land bank authorities (state or country level) or adapt existing models to facilitate REO acquisitions and disposition </li></ul><ul><li>Establish REO acquisition and management funds </li></ul>
    10. 10. Emerging Policy Discussions <ul><li>Vacant Property Registration Ordinances </li></ul><ul><li>Code Enforcement Coordination and Communication (Mortgage Bankers Association’s web site) </li></ul><ul><li>CDCs Partnerships </li></ul><ul><li>Acquisition and Conveyance </li></ul><ul><ul><li>Entity—land banks, land trusts, HUD asset control areas, development authorities? </li></ul></ul><ul><ul><li>Neighborhood planning and process </li></ul></ul>
    11. 11. Additional Resources www.vacantproperties.org <ul><li>NeighborWorks: www.nw.org </li></ul><ul><li>Federal Reserve Banks Foreclosure Resource Centers http://www.federalreserve.gov/consumerinfo/foreclosure.htm </li></ul><ul><li>Genesee County Land Bank: www.thelandbank.org </li></ul><ul><li>Genesee Institute: www.geneseeinstitute.org </li></ul><ul><li>LISC: www.liscnet.org/resources </li></ul><ul><li>Enterprise: enterprisecommunity.org </li></ul><ul><li>Living Cities: livingcities.org </li></ul><ul><li>Fannie Mae Foundation: www.knowledgeplex.org </li></ul><ul><li>Brookings Center on Urban & Metropolitan Policy: www.brook.edu </li></ul><ul><li>National Housing Institute: www.nhi.org </li></ul>

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