Keys to a Successful Land Bank

Philadelphia recently became the largest U.S. city to create a “land bank.” As new land banks spring up across the country, it is important to take a close look at what needs to accompany them if we want to have real impact.
"Philadelphia recently became the largest U.S. city to create a “land bank.” The news was picked up by The New York Times, which touted Philly’s approach as a “model for other cities like Detroit.” Land banks have been around for decades, but have become more popular of late."

"The concept of a land bank makes sense for cities that have a large number of vacant properties. However, alone they are not silver bullets. As new land banks spring up across the country, it is important to take a close look at what needs to accompany them if we want to have real impact on America’s urban landscape."

"In light of the mixed reviews of NTI’s land bank approach a decade ago, what makes us think the current effort will be more effective? To be fair, there is a big difference now, thanks to Pennsylvania’s state enabling legislation that went into effect last year. This legislation gave local governments stronger powers to quickly take title to tax delinquent properties, and to clear liens. If the state had granted these powers years ago, programs like NTI may have been more successful."


Full Story: The Keys to Philadelphia's Land Bank Success

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $199
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $14.95 a month
City Plate table setting

New Arrival! City Plates

City downtown cores printed on gorgeous decorative collectible porcelain plates.
$50.00

Wear your city with style!

100% silk scarves feature detailed city maps. Choose from six cities with red or blue trim.
$55.00