Abandoned and foreclosed properties are plaguing many cities. Now some are trying to turn the blight into prosperity by creating land banks to hold, remodel or demolish the properties -- and pull in some revenue while they're at it.
By reselling those properties that are in good shape, cities can reinvest those revenues to remodel other properties and get them back on the market.
"Instead of selling abandoned or foreclosed structures at auction, the city or county creates a land bank of properties. Some homes are fixed up and sold. The worst of the homes are demolished, and the land is then sold to nearby homeowners or developers, explains Genesee County (Mich.) Treasurer Dan Kildee, who started that county's land bank.
Municipalities operating land banks include Flint; Cuyahoga County, Ohio; the Kansas City suburb of Overland Park, Kan.; and Richmond, Calif. The money generated from sales and the collection of delinquent taxes allows the land banks to pay for rehabilitation or demolition."
FULL STORY: Land banks gain popularity as way to fight urban blight
How Abandoned Properties Can Be Used for Redevelopment
Abandoned properties can be a burden on a community, bringing everything from negative curb appeal to an increase in crime. Using these properties for positive community development can kill two birds with one stone.
Report Collects and Shares Lessons from New York's Land Banks
Practical lessons and best practices will be helpful in empowering land banks to curb the spread of blight, foreclosures, and abandoned properties.
Pennsylvania Law Removes Obstacles to Blight Reduction
“We don’t need every old coal miner’s house” to stay standing, says Sen. David Argall (R-Schuylkill).
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
Delivering for America Plan Will Downgrade Mail Service in at Least 49.5 Percent of Zip Codes
Republican and Democrat lawmakers criticize the plan for its disproportionate negative impact on rural communities.
Test News Post 1
This is a summary
Test News Headline 46
Test for the image on the front page.
Balancing Bombs and Butterflies: How the National Guard Protects a Rare Species
The National Guard at Fort Indiantown Gap uses GIS technology and land management strategies to balance military training with conservation efforts, ensuring the survival of the rare eastern regal fritillary butterfly.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
EMC Planning Group, Inc.
Planetizen
Planetizen
Mpact (formerly Rail~Volution)
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research
NYU Wagner Graduate School of Public Service