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Revitalizing Foreclosed Properties with Land Banks by U. S. Dept of Housing and Urban Developm, Sage Computing Inc

Revitalizing Foreclosed Properties with Land Banks

by U. S. Dept of Housing and Urban Developm , Sage Computing Inc
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Book cover type: Paperback
  • ISBN13: 9781288915620
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Bibliogov
  • Publisher Imprint: Bibliogov
  • Publication Date:
  • Pages: 30
  • Original Price: USD 15.75
  • Language: English
  • Edition: N/A
  • Item Weight: 73 grams
  • BISAC Subject(s): General

At the forefront of issues affecting today's housing market, foreclosed properties have become a significant problem, not only to local economies, but also to the aesthetics of the area. Moreover, middle- to low-income families continue to be priced out of the housing market while suitable housing units remain vacant. Local governments can enable productive reuse of these properties and simultaneously address the affordable housing crisis by creating public entities known as land banks to acquire, hold, and manage foreclosed properties. This report examines the concept of land banking and discusses barriers and solutions to the successful implementation of land banks. The report contains case studies from the Genesee County Land Bank Authority, the Baltimore City Land Bank, and the Atlanta/Fulton County Land Bank. Each case study provides a detailed description of the land banking programs and their effectiveness in revitalizing declining neighborhoods.

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