1 / 12

Land Banks – 101

Land Banks – 101. DeKalb Regional Land Bank Authority. Who we are: DeKalb Regional Land Bank Authority Intergovernmental Agreement between: DeKalb County City of Decatur Staff Michael Tuller, AICP – Executive Director Cassandra Webster – Program Analyst. What is a Land Bank?

leora
Download Presentation

Land Banks – 101

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Land Banks – 101 DeKalb Regional Land Bank Authority

  2. Who we are: • DeKalb Regional Land Bank Authority • Intergovernmental Agreement between: • DeKalb County • City of Decatur • Staff • Michael Tuller, AICP – Executive Director • Cassandra Webster – Program Analyst

  3. What is a Land Bank? • A Land Bank is a quasi-governmental entity • Land Banks focus on acquiring vacant, abandoned, and tax-delinquent properties.

  4. Why did the DeKalb Region develop a Land Bank? • There are a large number of properties in the DeKalb region that are in a state of vacancy, abandonment, and deterioration. • These issues stem from the Great Recession of the mid-2000s and have continued slow the DeKalb region’s economic recovery and quality of life for its citizens.

  5. Why did the DeKalb Region develop a Land Bank? • There are a large number of properties in the DeKalb region that are in a state of vacancy, abandonment, and deterioration. • These issues stem from the Great Recession of the mid-2000s and have continued slow the DeKalb region’s economic recovery and quality of life for its citizens.

  6. What is the purpose of a Land Bank? • Land Banks acquire these properties in order to foster the public purpose of returning the land which is non-revenue-generating, non-tax-producing status to an effective use. • This process helps to provide housing, new industry, and jobs for the citizens of the county and region.

  7. What is the function of a Land Bank? • Land Banks acquire these properties in order to foster the public purpose of returning the land which is non-revenue-generating, non-tax-producing status to an effective use. • This process helps to provide housing, new industry, and jobs for the citizens of the county and region.

  8. The DeKalb Regional Land Bank Authority’s Action Plan: Phases 1 & 2 DRLBA Executive Director presents potential properties for acquisition/disposition to the DRLBA Board of Directors during their monthly scheduled meeting for concurrence in bringing the properties into the land bank through the DeKalb County Board of Commissioners approval. • Foreclosing the Right of Redemption process completed. DRLBA Staff initiates property liability policies for all the subject properties under the land bank’s direction. Quiet title proceeding would commence subsequent to Foreclosing the Right of Redemption on the respective properties. DeKalb County transfers 15 unredeemed unforeclosed properties to DRLBA for costs of officers levying fee and DRLBA gains interest in those 15 properties. Environmental Assessments and Property Appraisals scheduled and conducted for candidate properties PHASE 2 October November December PHASE 1 Barment Process • DRLBA Staff advertise RFQ/RFP for contractors to perform (a) landscaping/trash removal/ property stabilization, (b) Residential Rehabilitation Developers (non-profit and for-profit), and (c) insurance agency property liability policies solicited. DRLBA initiates Foreclosing the Right of Redemption proceedings (2 month process). • DRLBA receives unrestricted funds for officers levying fee. • DRLBA and development partner establish work plan to rehabilitate the property with the DRLBA stabilizing exterior of property and development partner rehabilitating interior.

  9. The DeKalb Regional Land Bank Authority’s Action Plan: Phase 3 • Property Environmental Assessments and Appraisals completed where candidate properties are prioritized for rehabilitation initiatives based on report findings. • Upon transfer, development partner holds responsibility and ownership of the property and becomes responsible for transfer of property to new owners based on NSP guidelines. • DRLBA upon completed rehabilitation transfers property to development partner for fees equivalent to DRLBA’s investment in the property (approximately $10-$12k). • Properties listed on the DRLBA website for acquisition/disposition activities. February • DRLBA monitors activities of contractors and maintains all necessary federal reporting requirements. March December January • Awarded contractor(s) begin exterior property stabilization processes, including trash removal, landscaping, and property stabilization of the residential structure, as necessary. • Third-party developers (non-profit and/or for-profit) awarded properties for rehabilitation in a priority orientation. Development Agreements created and endorsed during barment process. • Properties completed for rehabilitation marketed for low/moderate income residents to take possession after inspections and occupancy certificates have been processed

  10. How you can get involved: • If there are any vacant or abandoned properties in your neighborhood contact the Land Bank. • The Land Bank will investigate the property to determine whether it is a potential candidate for acquisition by the Land Bank. • The Land Bank will then provide a response to you regarding whether or not it can acquire the property at this time and provide insight into potential next steps regarding the property in question.

More Related