Newark Launches Land Bank to Revive Long-Vacant Properties

The land bank will assess proposals for the sale and redevelopment of 100 city-owned properties in neglected neighborhoods.

March 7, 2021, 7:00 AM PST

By Diana Ionescu @aworkoffiction


Newark

wbaiv / Flickr

Following in the steps of other cities in the eastern United States, Newark has launched a land bank aimed at reducing blight and activating vacant and abandoned properties, writes Jared Brey in Next City. Managed by Invest Newark, the land bank is now accepting bids and proposals for "around 100 vacant lots and buildings" formerly under city ownership.

Generally managed by a non-profit or government agency, a land bank is designed to expedite the sale and redevelopment of vacant and blighted properties. Invest Newark "hopes the land bank will extend the revitalization of Newark’s downtown out into its neighborhoods, promote business ownership, create opportunities for minority and women-owned businesses and contractors, establish new parks and green spaces, and expand affordable housing, and help first-time homebuyers acquire houses." To avoid prior mistakes and encourage tangible development, the land bank is requiring "basic personal or business information, a feasible development plan for the property of interest where rehabilitation is required, and proof of financing for the purchase or proposed development."

Annette Muhammad, senior vice president of land bank operations for Invest Newark, is hopeful that the land bank will be more transparent and efficient than the city's current land-sale process, and that their vetting process will ensure properties don't just go to the highest bidder. "It’s not about the highest offer. It’s about the best offer."

Tuesday, March 2, 2021 in Next City

Chicago Commute

Planning for Congestion Relief

The third and final installment of Planetizen's examination of the role of the planning profession in both perpetuating and solving traffic congestion.

May 12, 2022 - James Brasuell

Twin Cities

Minneapolis Housing Plan a Success—Not for the Reason You Think

Housing advocates praise the city’s move to eliminate single-family zoning by legalizing triplexes on single-family lots, but that isn’t why housing construction is growing.

May 13, 2022 - Reason

Single-Family Housing Construction

New White House Housing Initiative Includes Zoning Reform Incentives

The Biden administration this morning released a new program of actions intended to spur housing construction around the United States.

May 16, 2022 - The White House

Complete Street Vancouver

Study: Most of Vancouver Is a ‘15-Minute City’

A large majority of Vancouver residents can access a grocery store in 15 minutes or less by bicycle or on foot.

May 20 - Vancouver Sun

Montreal, Quebec

Urban Design, Transport, and Health

The Lancet medical journal published a series of articles that explore how to evaluate and guide urban planning decisions to create healthy and sustainable cities. Live long and prosper!

May 20 - The Lancet - Urban Design, Transport, and Health

MoGo Bikeshare Bikes

Detroit Bike Share Celebrates Five Years

In its five years of operation, Detroit’s MoGo bikeshare has added electric and adaptive bikes to its fleet of more than 600 bikes.

May 20 - MoGo

HUD’s 2022 Innovative Housing Showcase

HUD's Office of Policy Development and Research

Expanding HUD’s Eviction Protection Grant Program

HUD's Office of Policy Development and Research

New Updates on The Edge

HUD's Office of Policy Development and Research

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.

Hand Drawing Master Plans

This course aims to provide an introduction into Urban Design Sketching focused on how to hand draw master plans using a mix of colored markers.