Finance On Land In Cuyahoga
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The City of Cleveland's Land Reutilization Program (Cleveland Land Bank) owns, manages and maintains vacant land. Land bank property is made available for sale or lease to individuals, developers, partner agencies and non-profit organizations for the purposes of redevelopment.
The Land Reutilization Program was designed to acquire vacant non-productive land through the foreclosure and forfeiture process and transfer it to individuals, developers, and non-profit organizations for redevelopment and return it to tax producing status.
Land revitalization is the sustainable redevelopment of abandoned properties. The program encourages communities and land owners to reuse and redevelop land that was previously contaminated and turns it into public parks, restored wetlands, and new businesses.
The City of Cleveland's Land Reutilization (Land Bank) Program is designed to acquire vacant land and market it to individuals, developers, and non-profit organizations for redevelopment.
The mission of the Cuyahoga Land Bank is to strategically acquire properties, return them to productive use, reduce blight, increase property values, support community goals and improve the quality of life for county residents.
County land banks take ownership of properties and clear title, assemble parcels for development, and manage properties until redevelopment can begin. This process may take months or, more likely, years.
Which Ohio counties currently have County Land Banks? Cuyahoga, Lucas, Montgomery, Mahoning and Trumbull counties have established county land banks. Commissioners in Franklin, Lorain, Stark and Summit have approved resolutions authorizing the formation of land banks.
