Land Bank Finalizing Loan Fund Details — New York Land Bank Association

The Chautauqua County Land Bank Corp. is in the process of finalizing details to establish a loan fund to assist individuals and families improve the communities in which they live.

The land bank’s rehab program works to stabilize neighborhoods by targeting blight and/or declining properties that are negatively impacting neighborhood property values. By acquiring these properties, land bank officials can clean them up, secure them and offer them at below market value to interested purchasers who will commit to renovating the property to specified levels. The reinvestment rehabilitates the property and helps to reverse the trend of declining property values in the neighborhood.