County Land Banking in Ohio

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Thriving Communities Institute From Vacancy to Vitality A Program of Western Reserve Land Thriving Communities Institute From Vacancy to Vitality A Program of Western Reserve Land County Land Banking in Ohio

description

Ohio Properties Redevelopment Institute Session 2: Land Banks

Transcript of County Land Banking in Ohio

Page 1: County Land Banking in Ohio

Thriving Communities Institute

From Vacancy to VitalityA Program of Western Reserve Land

Conservancy

Thriving Communities Institute

From Vacancy to VitalityA Program of Western Reserve Land

Conservancy

County Land Bankingin Ohio

Robin D. Thomas
Insert County Name
Page 2: County Land Banking in Ohio

Thriving Communities Institute

From Vacancy to VitalityA Program of Western Reserve Land

Conservancy

Thriving Communities InstituteWestern Reserve Land Conservancy

Thriving Communities Institute

From Vacancy to VitalityA Program of Western Reserve Land

Conservancy

County Land Banks: Response to Foreclosure Crisis

• Response to worst

housing crisis in

U.S. History• Acquire vacant and

abandoned property • Deference to cities• Triage• Dispose or hold

Robin D. Thomas
Change foreclosure stats for appropriate county
Page 3: County Land Banking in Ohio

Thriving Communities Institute

From Vacancy to VitalityA Program of Western Reserve Land

Conservancy

43 Eligible Counties

Restricted to counties with

population60,000 or greater

Page 4: County Land Banking in Ohio

Thriving Communities Institute

From Vacancy to VitalityA Program of Western Reserve Land

Conservancy

Establishing the County Land BankCOUNTY COMMISSIONERS

(Create R.C. 5722 Land Bank)

COUNTY TREASURER

LRC BOARD OF DIRECTORS IS CREATED

COMMISSIONERS PASS RESOLUTION AUTHORIZING COUNTY TREASURER TO

INCORPORATE LRC VIA R.C. 1724

TREASURER INCORPORATES LRCVIA R.C. 1724

LRC BOARD IMPLEMENTS PROGRAMMING ACTIVITIES

PROGRAMMING ACTIVITIES

LRC BOARD CREATES LAND REUTILIZ ATION PLAN FOR ADOPTION BY COUNTY

COMMISSIONERS

Page 5: County Land Banking in Ohio

Thriving Communities Institute

From Vacancy to VitalityA Program of Western Reserve Land

Conservancy

County Land Bank OperationsBANK REO’s

PROPERTY TRIAGE

RESPONSIBLE FOR MOTHBALL

REHABILITATION

RESALE TO RESPONSIBLE

QUALIFIED BUYER/REHABBER

HOLD FOR STRATEGIC

ASSEMBLY & ECONOMIC

DEVELOPMENT

DEMOLISH

HUD GSE’s TAX FORECLOSEDDEED IN LIEU

PROGRAMS:

• SIDE YARD • INFILL HOUSING • GREEN SPACE • URBAN GARDENS