Empire State Development (ESD) approved the establishment of the Kingston City Land Bank (KCLB) on March 29th, making it NYS's 24th land bank. The next step for KCLB is to file for a Certificate of Incorporation and begin recruitment for their Board of Directors.
“This is an exciting opportunity for our community to address deteriorating properties and promote home ownership, ultimately strengthening our neighborhoods and improving the quality of life of our residents,” said Mayor Noble. “I appreciate the vote of confidence Empire State Development has shown Kingston and am committed to leveraging this opportunity even further to build a community in which every resident has access to good, quality housing.”
The current legislative cap for land banks in New York is 25. ESD will continue to accept applications until the 25th land bank is approved. To read more about the formation of the Kingston City Land Bank, click here.