Land banks are a mechanism for acquiring, holding, and distributing property in service of community goals. A land bank can benefit communities as it facilitates neighborhood revitalization and home affordability by returning vacant, abandoned, and tax-delinquent properties to productive use.
The Perry County Land Reutilization Corporation removes blighted houses to restore properties, making county neighborhoods healthier and safer, while stabilizing property values.
HISTORY
In November 2016, the Perry County Land Bank was awarded $525,000 from the Ohio Housing Finance Agency’s Neighborhood Improvement Program (NIP) to acquire and demolish abandoned, blighted properties and to return their parcels to productive, taxpaying use.
Soon after, the Lank Bank partnered with the Perry County Health Department to create the Construction and Demolition Debris (C&DD) Community Improvement Project. C&DD funding comes from the local landfills for collection of construction and demolition debris waste.
In 2019, Perry County Board of Health allocated $200,000 of C&DD funding for demolitions throughout Perry County to remove blighted housing, making county neighborhoods healthier, safer, and stabilizing property values.