November 20, 2012 (San Diego)—By a 5-3 vote, San Diego’s City Council voted last week to pass the Property Value Protection Ordinance (PVPO) aimed at helping banks clean up blighted foreclosure properties.  It requires banks to register with the city and pay a $76 fee whenever they take action to foreclose a home. The registry makes it possible to immediately identify the bank responsible for a blighted property, and the fee revenue will increase code enforcement staff to hold banks accountable for neglected properties.