Revitalize Blighted Properties With Land Banks
1 hour 30 minutes
Drive stabilization, revitalization and economic growth in your community with best practices for land bank programs.
Land banks are proven tools to remove blighted structures and acquire problem properties in post-industrial legacy cities and neighborhoods across the U.S. The process of land banking – whereby quasi-governmental entities acquire and manage properties that are tax delinquent and unoccupied, striving to return them to the open market – is getting a closer look as a possible response to the COVID-19 public health emergency. With legislation proposed in Congress, land banks may grow as the go-to instruments in local governments’ and community and economic developers’ tool chests to address blight, assemble sites for redevelopment, and help resolve a possible flood of foreclosed and abandoned properties. This topic will review the national land bank movement and undertake a critical assessment of the Ohio land banking model.
• You will be able to describe land bank accountability.
• You will be able to identify common purposes for which land banks may be organized.
• You will be able to discuss land bank economic development strategies and tactics.
• You will be able to review history of land banking in the U.S.