Land Banking as Metropolitan Policy
Frank S. Alexander
Blueprint for American Prosperity, 2008
Stable neighborhoods are key to urban prosperity, and the recent upswing in foreclosed and abandoned properties has destroyed stability in many areas. One potential solution is land banking, a process by which local governments can take title to and repurpose abandoned and vacant properties. This article argues in favor of land banking as a solution to neighborhood instability and suggests that federal support of local governments - through direct funding and tax code reform - is an important element of land banking implementation.
Number of Pages in PDF File: 39
Keywords: Real Estate, Finance, Foreclosure, land banking, landbank, vacant, abandonedAccepted Paper Series
Date posted: November 7, 2011
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