The PA Land Bank Bill authorizes counties and municipalities with populations of 10,000 or more to establish land banks, a flexible and optional tool meant to help strengthen our cities and towns by enabling them to systematically remove problem properties from an endless cycle of vacancy, abandonment, and tax foreclosure, and return them to productive use. Land banks can engage in bulk quiet-title proceedings so that title insurance could be obtained and title would be marketable. They also address a vast inventory of problem properties that need to be cleared of debts, maintained, made available for private purchase, and managed where real estate markets are weak or distressed.
On March 20, 2013, the Alliance held a comprehensive, full-day training on this legislation in State College. This intensive daylong session was designed for decision-makers, officials who are responsible for community revitalization, economic development, blight remediation and tax foreclosure. This includes municipal officials, county commissioners, borough managers, city, borough and county council members, community development directors, redevelopment authorities and senior staff.
FRANK ALEXANDER, Sam Nunn Professor of Law at Emory University School of Law, leading national expert on land banking, co-founder of the Center for Community Progress and author of the most detailed and comprehensive book on the subject, Land Banks and Land Banking.
To open/download the presentation LAND BANKING 101 by Frank Alexander, CLICK HERE.