NEIGHBORHOOD LAND BANK

Presented by San Diego Capital Collaborative

Mission Statement

Contribute to the community stabilization, revitalization,

and preservation of San Diego County’s communities,

particularly San Diego’s low and moderate income

communities, through the acquisition, rehabilitation and

disposition of real property for use as workforce and

affordable housing.

Regional Approach to Foreclosure Crisis

Foreclosure Prevention REO Strategy Home Buyer Assistance

1. Foreclosure Counseling

2. Lender Workouts

3. Homeowner Support Referral Network

1. Code Enforcement

2. REO Acquisition

1. Counseling

2. Financing

3. Support

Goals

Stabilize property values in low and moderate incomecommunities that have been disproportionately impactedby the foreclosure crisis.

Create affordable/workforce housing opportunities.

Create sustainable homeownership.

Revitalize our older urban communities through qualityrehabilitation of our aging housing stock.

Capitalization Strategy

Private capital investment based on a socially responsible investment strategy.

Strategic investment of public and philanthropic capital to leverage private capital to achieve social goals.

Financial model will provide reasonable returns necessary to attract to private, public and philanthropic funds.

Foreclosure Acquisition/Disposition

Land Bank Negotiate Bulk Sale

Asset Management

Property Marketing/Disposition

Affordable/WorkforceHomeownership

Affordable/WorkforceRental Housing

Land BankingMarket Rate

Questions and Comments