We’ve Done It Our Way Carolyn Rice County Treasurer & Board Chair Montgomery County Land...
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Transcript of We’ve Done It Our Way Carolyn Rice County Treasurer & Board Chair Montgomery County Land...
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We’ve Done It Our Way
Carolyn RiceCounty Treasurer & Board Chair
Montgomery County Land Reutilization Corporation
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Key Points
Our Crisis Our Choices Mission & Objectives Early Accomplishments 2015 Programs Results & Lessons Learned
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All Markets Challenged
IndustrialCommercialOfficeResidential
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Upside Down
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57,000 since 2000
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Start Small & Evolve August 2011 $100k Startup Funding (Treasurer) No paid staff MCLRC Grant program Moving Ohio Forward- reimbursement
oversight and coordination (9) Feb 2013- 5% DTAC Nov 2013- Exec Director
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Mission
Facilitate the reuse of distressed property Vacant, Abandoned, Blighting Influence
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Land Bank Objectives
Encourage Community Re-investment Restore Market Confidence Stabilize Market Values Generate Community Wealth
Business ObjectiveSelf Sustaining
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Land Bank Objectives
Remove Excess InventoryReposition PropertiesAlign Plans & InterestsEnable Investment
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Board of Directors
County TreasurerMinimum two County CommissionersLargest municipal corporation, DaytonLarger township (population 10,000)Others selected by Treasurer & Commissioners
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Land Bank is a Tool
Partner Communities16 under MOUAny Community in Montgomery CountyWill work with CDCs and other groups with
jurisdiction’s approvalCommunicate, communicate, communicate
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Demolition Finance: 2012-2014 Moving Ohio Forward- AG DeWine
$4.2M + 3.4 = $7.6M
MCLRC Grant:Approx. $500K
Neighborhood Initiative: U.S. Treasury $5.4M
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Early Accomplishments
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Moving Ohio Forward: Demo Program
• Properties: 631• Total Cost: $7.49 M• Residential Demo: 938 Units
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MCLRC Grants: Demolitions
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Foreclosures: Acquire / Reposition / Transfer/ Renovate
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Current Operations
Staff: 3 FTE’s / April 2015 Revenues: $1-1.4M Annually Authorities Provided in O.R.C.
Exempt Real Estate TaxExempt Environmental LiabilityPreferred Status Tax Foreclosure
Outsource Agreement with County Corp
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Neighborhood Initiative Program
• Properties: 300 est.• Budget: $5.4M
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NIP Program
• Collaboration• Strategy
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NIP Program: Acquisition & Demo
Property Target: 300 Current No. Acquisition: 250
Foreclosed: 229 Donations: 31
Environmental Survey/ Remediation:121 Demo: 13 Transferred for Renovation: 11
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2015 Programs
Tax Foreclosure Sponsorship: April Deed in Escrow: April
Residential Rehab Loan: July Planning Grant: July
Commercial Redevelopment: November Land Banking: November
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2015 Land Bank
NIP Implementation Launching & Scaling Programs Evaluating Org. Demand & Capacity Building Org. Infrastructure Run Pilot Programs Evaluating New Programs
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Closing Thoughts
Know your community Make the decisions that fit your needs Make the investment to put sustainable
funding in place from start Go for 5% DTAC Take advantage of OH’s strong land
banking network Expect other good things to happen
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MCLRC Contact Info:
Carolyn Rice: (937) 496-7755 or [email protected]
Montgomery County Land Reutilization Corporation
130 West Second Street
Suite 1425
Dayton, Ohio 45402
Mike Grauwelman- Executive Director
Phone: 937.531.6921
Email: [email protected]://www.mcohio.org/government/treasurer/land_bank.html