New York Assembly Passes Land Bank Bill

The land bank bill that passed in the New York State Assembly would help revitalize communities by allowing municipalities to create land banks that put vacant or abandoned properties, or those that are tax-delinquent, back to productive use. Many communities are struggling with vacant buildings in both rural and urban settings, and this bill would strengthen and revitalize these communities by providing additional options for responding to troubled units. Land banking helps cities to rehabilitate and reuse vacant land by creating green space, housing developments or public works projects. The bill still has to go through the state Senate. Read more.

SOURCE: Center for Community Progress, 6/17/11