Description
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 postindustrial legacy cities and neighborhoods across the U.S. The process of land banking whereby quasigovernmental 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 COVID19 public health emergency. With legislation proposed in Congress, land banks may grow as the goto 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.
Date: 2020-11-19 Start Time: End Time:
Learning Objectives
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
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Tyler Compton-Bricker & Eckler LLP, Gus Frangos – Cuyahoga County Land Reutilization Corporation, Jeffry Harris – Bricker & Eckler LLP
