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We’ve Done It Our Way
Carolyn RiceCounty Treasurer & Board Chair
Montgomery County Land Reutilization Corporation
Key Points
Our Crisis Our Choices Mission & Objectives Early Accomplishments 2015 Programs Results & Lessons Learned
All Markets Challenged
IndustrialCommercialOfficeResidential
Upside Down
57,000 since 2000
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
Mission
Facilitate the reuse of distressed property Vacant, Abandoned, Blighting Influence
Land Bank Objectives
Encourage Community Re-investment Restore Market Confidence Stabilize Market Values Generate Community Wealth
Business ObjectiveSelf Sustaining
Land Bank Objectives
Remove Excess InventoryReposition PropertiesAlign Plans & InterestsEnable Investment
Board of Directors
County TreasurerMinimum two County CommissionersLargest municipal corporation, DaytonLarger township (population 10,000)Others selected by Treasurer & Commissioners
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
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
Early Accomplishments
Moving Ohio Forward: Demo Program
• Properties: 631• Total Cost: $7.49 M• Residential Demo: 938 Units
MCLRC Grants: Demolitions
Foreclosures: Acquire / Reposition / Transfer/ Renovate
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
Neighborhood Initiative Program
• Properties: 300 est.• Budget: $5.4M
NIP Program
• Collaboration• Strategy
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
2015 Programs
Tax Foreclosure Sponsorship: April Deed in Escrow: April
Residential Rehab Loan: July Planning Grant: July
Commercial Redevelopment: November Land Banking: November
2015 Land Bank
NIP Implementation Launching & Scaling Programs Evaluating Org. Demand & Capacity Building Org. Infrastructure Run Pilot Programs Evaluating New Programs
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
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