Ohio Properties Redevelopment Institute Session 2: Land Banks

1. County Land Banking
in Ohio
Thriving Communities Institute
From Vacancy to Vitality
A Program of Western Reserve Land
Conservancy

2. County Land Banks: Response to
Foreclosure Crisis
• Response to worst
housing crisis in
U.S. History
• Acquire vacant and
abandoned property
• Deference to cities
• Triage
• Dispose or hold
Thriving Communities
Thriving Communities Institute
Institute From Vacancy to Vitality
A Program of Western Reserve Land
Western Reserve Land Conservancy
Conservancy

3. 43 Eligible
Counties
Restricted to
counties with
population
60,000 or greater
Thriving Communities Institute
From Vacancy to Vitality
A Program of Western Reserve Land
Conservancy

4. Establishing the County Land Bank
COUNTY COMMISSIONERS
(Create R.C. 5722 Land Bank)
COMMISSIONERS PASS RESOLUTION
AUTHORIZING COUNTY TREASURER TO
INCORPORATE LRC VIA R.C. 1724
COUNTY TREASURER
TREASURER INCORPORATES LRC
VIA R.C. 1724
LRC BOARD OF DIRECTORS IS LRC BOARD CREATES LAND REUTILIZ ATION
CREATED PLAN FOR ADOPTION BY COUNTY
COMMISSIONERS
LRC BOARD IMPLEMENTS PROGRAMMING
ACTIVITIES
PROGRAMMING ACTIVITIES
Thriving Communities Institute
From Vacancy to Vitality
A Program of Western Reserve Land
Conservancy

5. County Land Bank Operations
BANK REO’s DEED IN LIEU HUD GSE’s TAX FORECLOSED
PROPERTY TRIAGE
RESPONSIBLE FOR
DEMOLISH
MOTHBALL
REHABILITATION PROGRAMS:
• SIDE YARD HOLD FOR
RESALE TO • INFILL HOUSING STRATEGIC
RESPONSIBLE • GREEN SPACE ASSEMBLY &
QUALIFIED • URBAN GARDENS ECONOMIC
BUYER/REHABBER DEVELOPMENT
Thriving Communities Institute
From Vacancy to Vitality
A Program of Western Reserve Land
Conservancy