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Product ID: 407272EAU
 
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Revitalize Blighted Properties With Land Banks

OnDemand Webinar (88 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.

Authors

Tyler Compton, Bricker & Eckler LLP Gus Frangos, Cuyahoga County Land Reutilization Corporation Jeffry Harris, Bricker & Eckler LLP

Agenda

What Land Banks Do and How They Do It

History of Land Banking in the U.S. (Review Various State Models)

Common Purposes for Which Land Banks May Be Organized

Statutory Model (Ohio - Revised Code Chapters 1724 and 5722)

Land Bank Powers (Ohio Model)

• Designated Agents for County, Municipal and Township Governments

• Acquire Properties via Tax Foreclosure

• Cleanse Property's Title and Return It to the Open Market

• Method of Funding

Land Bank Accountability

• Subject to Open Meetings and Public Records (Ohio Model)

• Audit Requirements

Land Bank Economic Development Strategies and Tactics

• Land Bank Partners

• Blighted Properties

- 1-2 Case Studies (Ohio Examples)

• Site Assembly for Economic Development Projects

- 1-2 Case Studies (Ohio Examples)

Strengths/Weaknesses/Opportunities/Threats (SWOT) Assessment of Ohio Model

Applicability to COVID-19 Public Health Emergency Fallout