FAQ 1 – What is a County Land Bank?

Land Bank President and General Counsel Gus Frangos explores one of ten frequently asked questions about the Cuyahoga Land Bank: What is a County Land Bank?
According to Gus, an easy way to understand a County Land Bank is to understand a distinction between a land bank with a lowercase l and a Land Bank with a capital L.  ‘land banks’ have existed since the 1970s and exist within a governmental entity as a passive repository for holding land.  ‘Land Banks’ in contrast are the product of state legislation passed in 2009 to create independently operated and funded, non-profit corporations to actively stabilize vacant and abandoned properties and increase the property tax base.
Find out more about the Cuyahoga Land Bank by visiting the About Us page on our website: http://www.cuyahogalandbank.org/aboutUs.php

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