• Not all properties land bank suited
Craig said the land bank would collect more than just blighted properties. The law lets the authority strictly consider which properties go in and who could gain conveyance.
The ACCG summary states, “land banks may establish hierarchical rankings for the disposition of land bank property for uses such as public space, affordable housing, retail or commercial activities, conservation areas or land trusts.”
“If you have no plan for the property, it should not go into the land bank,” Craig said.
Brown said typically a land bank authority works best dealing with a certain project-oriented goal in a target area working for public functions.
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