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Get Round 1 New York State Land Bank Program - Esd Ny

New York State s Land Bank Program was established with enactment of Article 16 of the New York State Not-for-Profit Corporation Law (the Act ). Pursuant to the provisions of the Act, governmental entities that possess the power to foreclose on tax liens are permitted to create a not-for-profit corporation whose purpose is to facilitate the return of vacant, abandoned and tax delinquent properties to productive use. Pursuant to Section 1603 of the Act, the creation of a land bank is condi.

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