November

1. DRLBA Process for Acquiring Unredeemed & Unforeclosed Properties from DeKalb County: PHASE 1 & 2 DRLBA Executive Director presents potential properties for acquisition/disposition to the DRLBA Board of Directors during their monthly scheduled meeting for concurrence in bringing the properties into the land bank through the DeKalb County Board of Commissioners approval. • Foreclosing the Right of Redemption process completed. DRLBA Staff initiates property liability policies for all the subject properties under the land bank’s direction. Quiet title proceeding would commence subsequent to Foreclosing the Right of Redemption on the respective properties. DeKalb County transfers 15 unredeemed unforeclosed properties to DRLBA for costs of officers levying fee and DRLBA gains interest in those 15 properties. Environmental Assessments and Property Appraisals scheduled and conducted for candidate properties PHASE 2 PHASE 1 Barment Process October November December • DRLBA Staff advertise RFQ/RFP for contractors to perform (a) landscaping/trash removal/ property stabilization, (b) Residential Rehabilitation Developers (non-profit and for-profit), and (c) insurance agency property liability policies solicited. DRLBA initiates Foreclosing the Right of Redemption proceedings (2 month process). • DRLBA receives unrestricted funds for officers levying fee. • DRLBA and development partner establish work plan to rehabilitate the property with the DRLBA stabilizing exterior of property and development partner rehabilitating interior.

2. DRLBA Process for Acquiring Unredeemed & Unforeclosed Properties from DeKalb County: PHASE 3 • Upon transfer, development partner holds responsibility and ownership of the property and becomes responsible for transfer of property to new owners based on NSP guidelines. • Property Environmental Assessments and Appraisals completed where candidate properties are prioritized for rehabilitation initiatives based on report findings. • DRLBA upon completed rehabilitation transfers property to development partner for fees equivalent to DRLBA’s investment in the property (approximately $10-$12k). • Properties listed on the DRLBA website for acquisition/disposition activities. February • DRLBA monitors activities of contractors and maintains all necessary federal reporting requirements. March December January • Awarded contractor(s) begin exterior property stabilization processes, including trash removal, landscaping, and property stabilization of the residential structure, as necessary. • Third-party developers (non-profit and/or for-profit) awarded properties for rehabilitation in a priority orientation. Development Agreements created and endorsed during barment process. • Properties completed for rehabilitation marketed for low/moderate income residents to take possession after inspections and occupancy certificates have been processed