Banking on Recovery - Land banking is a creative tool to convert abandoned and vacant properties into affordable housing.

New York State’s economy is being attacked by “zombies.” So begins testimony submitted by the New York Land Bank Association at the 2019 Joint Legislative Hearing on Economic Development. “They can be found in just about every community in New York State, hiding in plain sight among occupied buildings and well-maintained lots, consuming municipal resources, depressing property values, reducing tax revenue, and harming surrounding residents.”

These zombies? Vacant properties.

To read the full article via the River Hudson Valley Newsroom click HERE