Tag Archives: Land Bank

Two key bills amending Title 68 of the Pennsylvania Consolidated Statutes were passed on Tuesday. Here's why the bills that are aimed at combating urban blight are so important.

New York Governor Andrew M. Cuomo has signed a law which allows state municipalities to establish land banks to redevelop vacant properties for the betterment of communities. Local land banks will be authorized to control the use of vacant, abandoned, or tax-delinquent properties. Operating under the New York State Urban Development Corporation, the land banks will allow properties to be redeveloped or resold, thus utilizing existing, vacant buildings to address local demand.