We’ve Done It Our Way Carolyn Rice County 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 Industrial Commercial Office Residential

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 % DTAC  Nov 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 Objective Self Sustaining

Land Bank Objectives Remove Excess Inventory Reposition Properties Align Plans & Interests Enable Investment

Board of Directors County Treasurer Minimum two County Commissioners Largest municipal corporation, Dayton Larger township (population 10,000) Others selected by Treasurer & Commissioners

Land Bank is a Tool  Partner Communities 16 under MOU Any Community in Montgomery County Will work with CDCs and other groups with jurisdiction’s approval Communicate, communicate, communicate

Demolition Finance:  Moving Ohio Forward- AG DeWine $4.2M = $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 Tax Exempt Environmental Liability Preferred 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) or Montgomery County Land Reutilization Corporation 130 West Second Street Suite 1425 Dayton, Ohio Mike Grauwelman- Executive Director Phone: