1 / 19

Indio Foreclosure Program

Indio Foreclosure Program. Brad Ramos Chief of Police Jason Anderson Code Enforcement Officer Jesus Gomez Housing Programs Manager. The City of Indio. Elected City Council/City Manager Form of Government General Law City Population of 81,512 29 Square Miles

joyce
Download Presentation

Indio Foreclosure Program

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Indio Foreclosure Program Brad Ramos Chief of Police Jason Anderson Code Enforcement Officer Jesus Gomez Housing Programs Manager

  2. The City of Indio • Elected City Council/City Manager Form of Government • General Law City • Population of 81,512 • 29 Square Miles • California has a non-judicial foreclosure process

  3. Problems We Face • Not all foreclosures are the same. • Traditional home loans were a thing of the past • Home loans are sold between banks and sold as mortgage backed securities (bonds). • Banks are often just “servicers” for mortgage backed securities. • Increase in investment properties • 10,000 new homes were built between 2002-2007. (40% of housing stock) • Blighted vacant homes lead to an increase in crime. (Broken Window)

  4. Problems We Faced • In January 2008, we had approximately 1,400 homes in foreclosure and pre-foreclosure (4% of housing stock). • In January 2009, we have approximately 2,800 homes in foreclosure and pre-foreclosure (8% of housing stock). • In January 2009, we have approximately 1,000 vacant foreclosures (36% of all foreclosures) • Banks are unwilling to maintain properties

  5. Foreclosure Trend

  6. Solving this Problem • Indio created a 3-prong solution • Created an ordinance that requires banks to register and maintain properties as soon as they become vacant • Utilize Code Enforcement to enforce this ordinance • Created a Housing Resource Center providing foreclosure-prevention services—keeping families in their homes

  7. Part 1 – Foreclosure Ordinance • Ordinance requires banks to register all unoccupied properties with the police department. • Ordinance requires banks to fully maintain properties. • Ordinance requires banks to actively monitor and maintain all unoccupied properties.

  8. Part 2 - Enforcement 12 member Code Enforcement team $1.5 Million dollar total Budget. About 6% of police budget $41,000 in registrations fees have been collected. $30,000 in fines have been issued. Bank are beginning to pro-actively maintain properties

  9. Enforcement Results • 500 foreclosures have been identified and have active cases. • 50% of all identified vacant homes are in compliance. • Realtors have become the key to property compliance. • Foreclosures are becoming less apparent as properties are being maintained.

  10. Part 3 – Foreclosure Prevention • Created a Housing Resource Center • Provide foreclosure-prevention counseling • Work with homeowners and banks to agree on alternatives to foreclosure

  11. Housing Resource Center (HRC) • Established in August 2008 • City of Indio—First in the Coachella Valley to establish a City-sponsored Facility/Program • Overall Purpose: To prevent foreclosures and assist families to keep their homes

  12. Operations/Staffing • Operated by:Inland Fair Housing and Mediation Board (IFHMB) -IFHMB is a HUD-approved housing counseling agency • Staffed with: two (2) Housing Counselors • Completed HUD-certified training program • Prior real estate/housing experience • Bilingual (English/Spanish)

  13. Foreclosure Prevention Assistance • Explain foreclosure process and alternatives to homeowners • Facilitate discussions between homeowner and lenders/banks • Lenders recognize role of Housing Counselors • Alternatives to foreclosure include: • Loan Modifications (change terms) • Monthly partial repayment of delinquency • Suspend payment until homeowner is able to pay

  14. Level of Assistance(as of 1/9/09) • Phone Calls: 467 • Walk-ins: 218 • Counseling Sessions: 140 • Families who have remained in their homes: 139

  15. If nothing was done • We would have a 25% increase in the number of vacant homes. • Crime and blight would increase (Broken Window) • More families would be displaced from the community

  16. Conclusion • This program provides residents the opportunity and resources to help them stay in their homes. • The Foreclosure Ordinance provides the tools to hold lenders accountable for the conditions of their properties. • This Foreclosure Ordinance is only one tool used in the city’s comprehensive approach to code enforcement designed to reduce crime and blight.

  17. Recommendations • Develop a comprehensive municipal code enforcement program based out of your police agency. • Adopt a comprehensive abandoned property registration and maintenance ordinance. • Adopt a comprehensive Public Nuisance and Property Maintenance Ordinance. • Develop relationships with your local realtors, realty associations and property management companies and work with them to help solve these problems. • Conduct workshops and open resource centers focused on keeping people in their homes.

  18. Contact Info Brad Ramos Indio Police Department 46800 Jackson St. Indio, CA 92201 (760) 391-4035 bramos@indiopd.org Jason Anderson Indio Police Department 46800 Jackson St. Indio, CA 92201 (760) 391-4123 janderson@indiopd.org Jesus Gomez City of Indio 100 Civic Center Mall Indio, CA 92201 (760) 541-2460 jgomez@indio.org

  19. Thank You! QUESTIONS?

More Related