The Land Bank Authority could help bring new life to these buildings and generate additional revenue for the city.
“We have developers coming in. We have citizens that want to purchase properties,” Young said. “What we are going to try to do with this Land Bank Authority, is make it easier for people to actually purchase these properties.”In addition to revitalizing vacant properties, the city wants to ensure people can rebuild their own homes.“To make sure that those areas are zoned properly for people that they can come back, and they can build their homes back, and build their dwellings back,” Young said.
Source: Real Estate Daily Report (realestatedailyreport.net)
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