Land banks and community land trusts (CLTs) are non-profit corporations each formed under Ohio law. They share similar missions to unlock the potential of vacant, abandoned, and/or tax-delinquent (VAD) properties....more
11/19/2024
/ Abandoned Property ,
Affordable Housing ,
Community Development ,
Construction Project ,
Demolition ,
Housing Developers ,
Land Trusts ,
Nonprofits ,
Renovations ,
Urban Planning & Development ,
Vacant Properties
As widely expected by land banking advocates, the U.S. Supreme Court handed down an opinion steeped in the language of “home equity theft” to find a taking under the federal Constitution in a Minnesota case that screamed for...more
The see-sawing of emotions among advocates for county land banking activities in Ohio continued this week, with hopes again rising upon a favorable decision by the Supreme Court of Ohio.
On April 4, 2023, the Court...more
You knew the wheels were falling off the (medieval) cart when the federal 6th Circuit Court of Appeals rattled off English legal theory from the year 1470, right?
Advocates for county land banking activities in...more
Much ballyhoo has accompanied the U.S. Treasury’s publication in January 2022 of its Final Rule in the use of American Rescue Plan Act (ARPA) funds. Local governments across the country are scrambling to deploy their stimulus...more
During the past decade, county land banks ramped up operations across Ohio largely employing one-time cash. The Hardest Hit Fund (HHF), sourced from Ohio’s share of mortgage industry settlement payments related to the Great...more
6/25/2021
/ Abandoned Property ,
Affordable Housing ,
American Rescue Plan Act of 2021 ,
Banks ,
Biden Administration ,
Coronavirus/COVID-19 ,
Economic Stimulus ,
Housing Developers ,
Mortgage Lenders ,
Real Estate Development ,
Relief Measures ,
Residential Real Estate Market
In May 2021, the federal 6th Circuit Court of Appeals in Cincinnati sent a county land bank case back to the district court in Dayton for reconsideration. Rejecting the winning argument at the lower level - that the owner of...more