Land banks


Tue December 10, 2013
Land Bank

Syracuse land bank sells its first properties

This house on South Collingwood Ave. in Syracuse is the first the city's new land bank sold.
Ryan Delaney WRVO

With a wish of “good luck” to the new owners, the board of the Greater Syracuse Land Bank sold its first house Tuesday. The buyers of the vacant home on South Collingwood Ave. are Shaqir and Zahidi Halimi.

The Eastwood neighborhood home was delinquent on property taxes and seized by the land bank, one of the 88 it's taken control of so far. There are more than 3,000 vacant and delinquent properties in the city.

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Wed October 9, 2013

Syracuse land bank becomes a land lord

The Syracuse land bank became a land lord this week as part of its work to put more city land on the lax rolls.

The land bank, known formally as the Greater Syracuse Property Development Corporation, closed on the sale of 17 properties that are vacant or owners were significantly behind on their property taxes.

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Fri October 4, 2013
Urban Revitalization

Change in land bank law gives counties more power over vacant properties

Vacant property
Credit Some rights reserved / Kake Pugh

New legislation recently signed into law, amends the state’s land bank legislation introduced by the Cuomo administration in 2011.

Land Banks are mechanisms for acquiring or demolishing abandoned properties which are no longer contributing to the tax roll.

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Tue March 5, 2013

Rochester Land Bank approved

The city's Land Bank will target privately owned vacant properties
Some rights reserved by Kake Pugh

The City of Rochester has been given state approval to establish one of the state’s ten Land Banks.

The city’s Land Bank will support the acquisition of vacant, tax-delinquent properties which will then be  renovated and sold through the HOME Rochester program. The aim is to also get more properties back on the tax roll.

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Mon December 17, 2012

Syracuse approves plan to share funds with new land bank

The Syracuse Common Council voted Monday to give the city's newly formed land bank a loan for startup costs and to share property tax revenue so the land bank can function over the long term, but some felt the details of those plans left a lot to be desired.

What was approved is a $250,000 loan to the Greater Syracuse Property Development Corporation to help with startup costs along with a promise the city will share the expected increase in back property tax payments it will collect.

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