As previously reported, in July 2019 New York State Attorney General Letitia James announced $9 million in grants to address the growing statewide issue of “zombie homes” – vacant or abandoned homes that are notREAD MORE
Enactment of NYS S.5079-A/A.1859-A “Zombie Property Remediation Act of 2019”
On December 18th issued the following press release regarding his signing of the “Zombie Property Remediation Act of 2019” To view the final language, please click here. To view local reporting, please click here. NewREAD MORE
New Path to the American Dream
Property conditions are generally contingent on several factors. Of course occupancy status is the primary factor but there are several others including usage and who resides in the property (i.e. owner occupant vs. rental/tenant). However,READ MORE
“Zombie Foreclosures” – New Federal Guidelines for “OREO”
On October 22, 2019 the Office of the Comptroller of the Currency (OCC) amended the regulations and issued a final rule, effective December 1, 2019, for “other real estate owned,” activities for national banks andREAD MORE
Strong Stance Against Zombie Foreclosures
In an aggressive approach to “zombie foreclosures, at the request of Alderman James Martuscello, Amsterdam NY Common Council members unanimously voted against removing a property from the tax auction list and accepting a payoff paymentREAD MORE
Federal Reserve Bank of Atlanta White Paper on VPROs
The Federal Reserve Bank of Atlanta just released a white paper on “VPROs” titled, “Foreclosure Externalities and Vacant Property Registration Ordinances” Not surprisingly the study showed positive outcomes from the implementation of a vacant propertyREAD MORE
Pennsylvania Restore PA Initiative Update
As previously reported, Pennsylvania Governor Wolf has taken an aggressive approach to the fight against blight. Additional information is now available on the Governor’s website. For an overview of the Combatting Blight component, please clickREAD MORE
Innovative Solution for a Health Care Crisis, a Solution for Vacant and Abandoned Properties?
A radical fix for a U.S. health-care crisis prominently utilizes vacant and abandoned properties. In a recent feature, Bloomberg Businessweek discusses the MyConnections program currently being tested in Phoenix. The brainchild of Jeffrey Brenner, M.D.READ MORE
Flint MI Recipient of a Cities of Service 2019 Engaged Cities Award
Flint MI was one of three recipients of the Cities of Service 2019 Engaged Cities Award. Underwritten by Bloomberg Philanthropies, the award recognizes cutting-edge techniques to engage residents to solve problems.Each winning city receives aREAD MORE
MA H 177 An Act relative to neighborhood stabilization and economic development
Massachusetts H 177 (and accompanying bill S 1627) originally introduced in January had hearings in October. The bill “would form a commission to study strategies for improving the quality of housing stock in weak markets,READ MORE
Solar-powered security monitors
In the latest effort to battle blight, Schenectady NY Mayor Gary McCarthy announced the city will install solar-powered security monitors in a number of vacant city-owned properties across the city. The monitors will be installed asREAD MORE
Ohio Land Bank Lawsuit….Sorry, but your math is wrong
Along with vacant property registration ordinances, Land Banks are one of the more widely used tools in the fight against blight. Now, class action lawsuit have been filed by former Ohio Attorney General Marc Dann,READ MORE