Land Banking as Metropolitan Policy

Abstract:     
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, abandoned

Accepted Paper Series