article thumbnail

The Community-led Effort to Address Vacant and Abandoned Properties in St. Louis County, Missouri

Center for Community Progress

Louis County Land Bank Coalition , which includes local community development corporations, neighborhood associations, the St. Windham introduced legislation drafted by the coalition to address these challenges. The legislation would also create new funding mechanisms to support all Missouri land banks. This month, Rep.

article thumbnail

A History of Ohio Land Banking 2009–2021: From Legislation to Operation

Center for Community Progress

At the height of the foreclosure crisis post-2008, a group of elected officials, community development practitioners, and lawyers came together to craft a strategy to respond to the hemorrhaging real estate market in Ohio. In 2006, the Ohio General Assembly passed this legislation. Ohio’s Traditional Land Bank Law.

article thumbnail

What’s the deal with rural land banks? A Q&A with West Virginia Land Stewardship Corporation Executive Director Taylor Bennett

Center for Community Progress

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. CP: You played a key role in advocating for West Virginia’s land bank-enabling legislation.

article thumbnail

New Report on Ten Years of Land Banking in New York Offers Compelling Metrics of Success, Useful Lessons, and a Lot of Inspiration

Center for Community Progress

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. Then, I heard that New York was exploring legislation to allow municipalities and counties to create land banks. I wondered.

article thumbnail

The GSE Public-Private Hybrid Model Flunks Again: This Time It’s the Federal Home Loan Bank System (Part 1)

The Stoop (NYU Furman Center)

2 The report came about at a time when the FHLBs have been increasingly criticized for neglecting their housing and community development mission and instead using their subsidies and privileges to benefit their financial institution owners and executives. the legislation establishing them). mortgage originations.

article thumbnail

Looking for a land bank near you? This map will help!

Center for Community Progress

Despite their name, land banks are not financial institutions—they are critical tools that help revitalize communities challenged by vacant, abandoned, and deteriorated properties. Land banks are typically created with the backing of state legislation. Land banks are a vehicle for equitable community development.

article thumbnail

Revisiting the Community Land Trust: An Academic Literature Review

Community and Economic Development Program of UNC

In The Community Land Trust Reader , edited by John Emmeus Davis, 259-268. Community Land Trusts and State Legislation: A Model Act to Enable This Affordable Housing Tool.” Journal of Affordable Housing & Community Development Law 26, no. Journal of Affordable Housing & Community Development Law 23, no.

Housing 89