Land Bank Authorities

Land Bank Authorities are government or semi-government organizations that acquire, manage, and develop vacant, abandoned, or underused properties within a community. Their goal is to revitalize neighborhoods by rehabilitating these parcels for productive use, such as affordable housing, commercial projects, or green spaces. They work with local governments, developers, and residents to improve land use, reduce blight, and promote economic growth. Essentially, they act as stewards of underutilized land, transforming it into valuable assets that benefit the community.