Public Policy

land_bank_reportMarket Trends

In 13 States, Land Banks Stabilizing Weakened Municipalities

From 1971 to 2008, only five states passed legislation enabling land banks; but in the last six years, another eight have done so. As vacancies and blight have plagued parts of the United States still recovering from recession and the mortgage foreclosure crisis, so too has land banking grown into a national movement. There are now some 120 land banks and land-banking programs in 13 states, with West Virginia joining the list in 2014.

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