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According to the National Land Bank Networks 2023 State of Land Banking Survey, vacant lots account for 86 percent of all land bank properties and half of all survey respondents listed vacant land stewardship as one of their top priorities. the group called out community, stewardship, legacy, values, collaboration.
In contrast, when the management of vacant lots is effectively addressed at scale through greening programs, these lots can deliver diverse public health benefits to communities. Greening not only remediates physical conditions, but also can add value by repurposing lots to benefit communities.
Vacant lots are often viewed as pieces within larger systems, such as urban planning or communitydevelopment, or overlooked entirely. Redefining vacant land as a system also highlights the importance of engaging stakeholders in achieving communitydevelopment goals.
Established, in partnership with five other regional entities focused on community revitalization, the Equitable Communities Collaborative , to develop a more intentional, strategic, and comprehensive communitydevelopment service delivery model. Click here to learn more about our services and approach.
CLTs offer reliable stewardship of community land assets and a long-term promise of affordable housing (Davis 2010). Community Land Trusts and State Legislation: A Model Act to Enable This Affordable Housing Tool.” Journal of Affordable Housing & CommunityDevelopment Law 26, no. Decker, Andrew.
Are you one of the 95 percent of banks that are underreporting communitydevelopment loans under the Community Reinvestment Act (CRA)? SHOWNOTES: CommunityDevelopment Loans Demystified with Krista Shonk, VP & Senior Counsel, Regulatory Compliance and Policy, Fair & Responsible Banking, ABA.
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