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Philadelphia Metropolitan Area Real Estate Law Blog

Tag: land bank

Land bank could help increase property values, reduce crime, create jobs

On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Development on Apr 10, 2013.

The Philadelphia Association of Community Development has reportedly joined dozens of community groups, builders, realtors, and environmental and anti-blight organizations to form the Philly Land Bank Alliance and launch a website. The purpose of the collaboration is to form a land bank to deal with the approximately 40,000 vacant or abandoned properties around Philadelphia.

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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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