City Council looks forward to possibility of land bank
On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Development on Dec 5, 2012.
After eight years of discussion, the possibility of creating a central land bank to handle the large number of vacant and abandoned properties in Philadelphia is moving closer to becoming a reality. Back in October, Governor Corbett signed a bill that gives cities permission to establish land banks, and since then the Nutter administration has been moving to create a land bank within the Philadelphia Housing Development Corp.
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