Land banks

Land banks are public or nonprofit organizations that acquire, manage, and repurpose vacant, abandoned, or underutilized properties. Their main goal is to revitalize communities by returning these properties to productive use, often through redevelopment or sale to responsible buyers. Land banks may facilitate affordable housing, parks, or commercial spaces, contributing to urban renewal and community development. They typically help reduce blight, increase property values, and enhance the overall quality of life in neighborhoods. By streamlining the process of getting unused land back into active use, land banks play a key role in sustainable community planning.