Albany County Land Bank says it's now spurred $20 million in private investment

The Albany County Land Bank has now sold more than 500 properties, the nonprofit corporation announced this week. The land bank estimates the sales have spurred more than $20 million in private investment.

The Albany County Land Bank is one of 25 similar organizations around the state that were created following the Great Recession to shepherd vacant or foreclosed properties back to productive use. The organization has been funded by the state attorney general’s office, the county and other partners. It’s the second-largest land bank in the state.

Read the full article from the Albany Business Review HERE