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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

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Indio Foreclosure Program

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  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?

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