LAND BANKING IN THE STATE OF NEW YORK Kermit J. Lind, J.D . - - PowerPoint PPT Presentation

▶
land banking
SMART_READER_LITE
LIVE PREVIEW

LAND BANKING IN THE STATE OF NEW YORK Kermit J. Lind, J.D . - - PowerPoint PPT Presentation

Nov 07, 2023 27 likes •97 views

INTRODUCTION TO LAND BANKING IN THE STATE OF NEW YORK Kermit J. Lind, J.D . Educator & Counselor Law and Public Policy Fall, 2012 Land Banks and Land Banking Frank S. Alexander, Sam Nunn Professor of Law Emory University School of Law

slide-1
SLIDE 1

INTRODUCTION TO

LAND BANKING

IN THE STATE OF NEW YORK

Kermit J. Lind, J.D.

Educator & Counselor Law and Public Policy

Fall, 2012

slide-2
SLIDE 2

Land Banks and Land Banking Frank S. Alexander, Sam Nunn Professor of Law Emory University School of Law

Center for Community Progress, June 2011 http://www.communityprogress.net

slide-3
SLIDE 3

Banking on Neighborhood Stabilization Dan Kildee, Congressman (elect) (D) 5th District, Michigan

Shelterforce, Winter, 2011

  • http://www.shelterforce.org/article/2641/bankin

g_on_neighborhood_stabilization/

slide-4
SLIDE 4

Sources: NYS Land Bank Law

NEW YORK ASSOCIATION OF COUNTIES New York’s Land Bank Act November 2011 http://www.nysac.org/legislative- action/documents/NYSACLandBankBriefReport.pdf EMPIRE STATE DEVELOPMENT Land Bank Approval GUIDELINES November 2011 http://www.esd.ny.gov/

slide-5
SLIDE 5

“Land banks are a long-term solution to the problem of vacant properties. ”

  • - Senator David Valesky (D-

Oneida), sponsor of New York’s Land Bank Act.

“Land banks, entities that take control of problem properties and then redevelop or dispose of them in a manner consistent with the public’s interest, are a proven strategic tool for cities and counties where the number

  • f vacant properties outpaces the private

market’s ability to deal with them.”

slide-6
SLIDE 6

Statutory Provisions for Governing

  • Codified in June, 2011 at Article 16 of the New York

State Not-for-Profit Corporation Law

  • Entity type: corporation
  • Incorporator(s): local Tax Foreclosing Unit(s) by
  • rdinance
  • Government: Board of Directors
  • Tax status: may be exempt from federal income tax

under IRC 501(c)(3)

  • Subject to: Urban Development Corporation (dba

Empire State Development)

slide-7
SLIDE 7

Governing Provisions . . . cont

  • Number limited to ten land banks selected in two

rounds .

  • First five selected

1. Cities of Buffalo, Lackawanna, Tonawanda and Erie County

  • 2. City of Syracuse and Onondaga County
  • 3. City of Schenectady, County of Schenectady and City
  • f Amsterdam
  • 4. Chautauqua County
  • 5. City of Newburgh
  • Applications for next five due January 30, 2013