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Monthly Archives: February 2014
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Did You Know? Purchase and Renovation Programs at the Cuyahoga Land Bank
In the sixth installment of our FAQ video series, we explore programs available for the purchase and renovation of a Cuyahoga Land Bank home. The most popular program is the Deed-in-Escrow Program. An interested buyer is provided with a renovation… Read more ›
Land bank invites garden clubs to turn empty lots into green space (The Plain Dealer)
The Cuyahoga Land Bank wants to see vacant lots bloom as community gardens, urban farms, pocket parks or orchards. The land bank’s side yard program encourages homeowners who live next to an empty lot, or garden clubs, to apply to… Read more ›
Bringing Back the Neighborhood: How land banks can stabilize blighted urban areas in ways that the speculative real-estate market cannot (Metroland)
In 2010, the Beach Street corridor of Flint, Mich., was pockmarked with 16 trash-filled vacant lots. A year later, this two-acre area a mile south of downtown Flint had been consolidated into Flint River Farm, the city’s largest urban farm,… Read more ›
Cleveland City Council study confirms what neighbors say they already knew
CLEVELAND – A study released to Cleveland City Council on Tuesday finds that demolition leads to reduced foreclosures, stabilizes real estate values and lessens tax delinquencies. Cleveland needs $83 million to demolish another 8,300 houses identified as distressed properties. Since… Read more ›
Did You Know?: HomeFront Veterans Homeownership Program
The Cuyahoga Land Bank has launched the HomeFront Veterans Homeownership Program (‘Homefront’), offering assistance to eligible veterans interested in purchasing either a renovated move-in ready home or a home that will be renovated with the assistance of the Cuyahoga Land… Read more ›
Study: Northeast Ohio Houses Bought by Out-of-State Investors More Likely to End up Vacant (WCPN)
A housing study commissioned by Harvard University and conducted by local researchers found that foreclosed houses in Northeast Ohio bought by large out-of-state investors saw a high rate of failure. Ideastream’s Nick Castele reports. The study found that houses bought by… Read more ›
Heritage Home Loan Program
On a Thursday afternoon in mid-January, Cuyahoga Land Bank President Gus Frangos braved the bitter cold in a show of support to participate in a press conference announcing the launch of the Heritage Home Program in South Euclid. “The Land… Read more ›
Philadelphia Achieves Land Bank Through Compromise (Shelterforce)
Philadelphia is about to become the largest city in the country with a land bank. A land bank is a nonprofit or government agency whose sole function is to efficiently maintain, clear title to, assemble, and market vacant property in… Read more ›
Home Ownership Workshop a Great Success!
Freezing temperatures did not discourage over 30 interested homebuyers, primarily military veterans, who attended the Cuyahoga Land Bank’s free Homebuyer’s Workshop on Saturday January 18th. The event highlighted the Land Bank’s new HomeFront Veteran Homeownership Program (‘HomeFront’) and provided a wealth… Read more ›