Understanding Ohio's Land Bank Legislation
17 Pages Posted: 17 Dec 2008 Last revised: 13 Feb 2009
Date Written: January 30, 2009
The effects of sustained high rates of foreclosure on numerous areas of Cuyahoga County have thrust land banking to the forefront of recent public policy discussions in Ohio. This Policy Discussion Paper seeks to inform those discussions by explaining the state's traditional land banking system and illustrating how the new land banking system, spelled out in Senate Bill 353/House Bill 602 and signed into law January 2009, works.
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