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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.
Across the country, small and rural communities grapple with economic challenges and an aging housing stock that leads to similar outcomes: a flood of VAD properties that threaten the health, safety, and resilience of these residents. Bennett has served as the Executive Director of WVLSC since 2021. Photo courtesy of WVLSC.
Housing costs and supply are dominating the news at the moment. Housing is the highest monthly bill typical Americans face, reaching an average of $1674 a month in 2021. Housing prices have increased far faster than incomes (Miller 2015), making affordable homeownership inaccessible for many aspiring homeowners (Hackett et al.
By Tarik Abdelazim , Director, National Technical Assistance, Center for Community Progress Before I came to Community Progress, I spent eight years in public service in my hometown, Binghamton, New York. For example, land banks in New York are: Expanding the Production of Affordable Housing.
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. appeared first on Center for Community Progress.
By: Liz Kozub I got my start in transforming vacant properties in 2012 as an intern for the City of East McKeesport, Pennsylvania, a dense community of just over 2,000 residents with tremendous community pride. Priority 2: Facilitate Community Resiliency Through Vacant Land Reclamation Vacant land (i.e.,
Identify untapped market potential to build stronger housing markets. But conditions in the communitydevelopment landscape can also change quickly. In an example that West Virginia Land Stewardship Corporation Executive Director Taylor Bennett shared, property tax sale process reform efforts in West Virginia had stalled.
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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