Community Support: Combating Vacant and Abandoned Properties
This act aims to establish a national land bank network to help local communities address the issue of vacant and abandoned properties. This initiative can lead to improved safety, increased property values, and better utilization of land in their neighborhoods. The program also provides financial and technical support for establishing new land banks.
Key points
Improved safety and aesthetics in neighborhoods by redeveloping abandoned buildings.
Increased property values in the vicinity due to the revitalization of neglected areas.
Access to funding and expertise for local communities seeking to resolve vacant property issues.
Support for the creation of new land banks to aid in rural and urban revitalization.
Status:
Expired
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