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Blighted land in Philadelphia. Land banking is the practice of aggregating parcels of land for future sale or development.. While in many countries land banking may refer to various private real estate investment schemes, in the United States it refers to the establishment of quasi-governmental county or municipal authorities tasked with managing an inventory of surplus land.
In contract law, a land contract, (also known as contract for deed or agreement for deed), is a contract between the buyer and seller of real property in which the seller provides the buyer financing in the purchase, and the buyer repays the resulting loan in installments.
The Cuyahoga County Land Reutilization Corporation, commonly known as the Cuyahoga Land Bank, is a quasi-governmental non-profit corporation established in Ohio in 2009. It was established to respond to the effects of the United States housing bubble in Cleveland and surrounding Cuyahoga County, where the housing bubble had a particularly strong impact.
The Richland County Land Bank members Wednesday approved agreements needed to apply for 2023-2024 Ohio Department of Development demolition grant funds for several properties in Richland County ...
The land bank takes care of property maintenance and any safety issues for lots owned. The highest value lot is the former Custom Glove Factory at 421 N. Fifth St. for $82,100.
Councilmember Spencer Duncan shared on social media on Oct. 2 that the City of Topeka Land Bank Board of Trustees has several lots available to those interested in purchasing or developing ...
A purchase and sale agreement (PSA), also called a sales and purchase agreement (SPA) [1] or an agreement for purchase and sale (APS), [2] is an agreement between a buyer and a seller of real estate property, company stock, or other assets.
Topeka's Land Bank Pilot Program. The city governing body voted in 2023 to set aside $500,000 for a three-year Land Bank Pilot Program. The goal of the program was to transform vacant and blighted ...
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