Starting on Aug. 11, and running through Sept. 8, NAR is offering a four-part webinar series to help real estate agents prevent building vacancies and abandonment in light of businesses and people being unable to pay their mortgage and rent.
NAR is collaborating with local government officials and the Center for Community Progress to address the impending swell of property vacancy and abandonment in the United States, as the pandemic rolls on, and businesses and people are scrambling to pay their property expenses. Evictions, business closures, and abandonments have begun, both state and federal government seem to be floundering at coming up with a single, consistent way to prevent mass evictions and related problems.
NAR has been investing in these conversations and trying to help developers and landlords become part of the solution to prevent vacant and abandoned buildings from staying empty and according to the NAR press release, “The program and webinar series are part of a collaboration with the Center for Community Progress, whose mission is to foster strong, equitable communities where vacant, abandoned, and deteriorated properties become assets for neighbors and neighborhoods.”
This webinar series is a continuation of the Transforming Neighborhoods initiative. In this initiative, NAR Realtors are working with community partners to explore and address the underlying reasons properties are abandoned and remain vacant. They want to help prevent this scenario, while supporting community transformation, by putting a plan to rehabilitate buildings and create assets for the communities they are in, thereby helping the neighborhoods become or remain healthier and more vibrant.
NAR President Vince Malta, broker at Malta & Co., Inc., in San Francisco, CA., elaborates on the role Realtors® play in rebuilding communities in the aftermath of the pandemic.
“As the nation grapples with the economic fallout of this pandemic alongside a once-in-a-generation opportunity to address inequity and injustice in our society, Realtors® have been instrumental in helping our neighborhoods move forward while emphasizing that a better future begins with stable communities and equal access to housing for all Americans.”
While the first part of the four-part series has aired Tuesday, here is the remaining schedule:
Code Enforcement – A Tool for Preventing Vacancy and Abandonment
August 25, 2020; 2 p.m. EDT
- Lessons from 2008 Great Recession and assumptions for the future
- What is strategic code enforcement
- How can strategic code enforcement prevent property decline caused by the COVID-19 crisis
- Using neighborhood conditions to inform effective, efficient and equitable code enforcement strategies
- REALTORS® as partners in preventing vacancy and abandonment
Transferring Vacant and Abandoned Properties
September 1, 2020; 2 p.m. EDT
- Making the connections between property tax enforcement, vacancy, and neighborhood stabilization
- Efficient, effective, and equitable delinquent property tax enforcement systems
- Innovative uses of code lien systems
- REALTORS® working with local government
Land Banking – Returning Properties to Productive Use
September 8, 2020; 2 p.m. EDT
- Land banking – what is it?
- How land banks can be most effective in community revitalization
- Land banking as a tool neighborhood stabilization during economic crisis
- Successful partnerships between REALTORS® and land banks