Cities Set Up ‘Land Banks’ to Tackle Vacant-Home Problem

By: Mark Peters
“As the foreclosure crisis swells the ranks of abandoned properties across the U.S., local governments from New York to Missouri are adopting a new strategy to acquire and return to the tax rolls tens of thousands of empty houses and vacant lots. In the past year, Kansas City, Syracuse, N.Y., and communities in Pennsylvania, among others, have set up “land banks”—independent authorities focused on turning around derelict properties...” Read More