Sentences with phrase «land bank acquires»

When the land bank acquires a property, they are responsible for the upkeep which, Masterpole said, they service to outside contractors.

The Syracuse Land Bank acquires tax - delinquent properties with the goal of getting them back on the tax rolls.

When the Land Bank acquires properties, it will make preventive repairs in order to stabilize the structure and prevent deterioration.

Working in tandem with Syracuse government, the land bank acquires properties that the city seizes for back taxes.

Land banks acquire tax delinquent properties so they can be resold to responsible owners.

Not exact matches

Frasers Property has grown its Sydney industrial land bank after acquiring two prime development sites in Eastern Creek in Western Sydney.

This funding supports legally designated Land Banks, formed under the New York State Land Bank Act of 2011, to protect homeowners and neighborhoods across the state by acquiring vacant, blighted homes and transforming them into community assets.

As the Land Bank had not yet acquired any properties or financial assets in 2012, the 2012 report to the NY Authorities Budget Office («2012 GSPDC Annual Report,» above) was attached to each of these reports linked below:

The property, which was acquired by the Newburgh Community Land Bank in 2013, was renovated by a local architect and now provides three families with affordable rental housing.

Sometimes this requires only short - term involvement of the land bank, which may acquire a problem property so it can be quickly sold to a responsible buyer for redevelopment.

Albany County Land Bank Executive director Adam Zaranko: «In the City of Albany, currently we have over 60 vacant and abandoned buildings of sale and about another 70 that we recently acquired from the county through the tax foreclosure process that we're evaluating and will likely go to sale.

It says the county will transfer all properties acquired through foreclosure to the Land Bank, with three exceptions: parcels to be used by the county; those to be transferred to another government entity or nonprofit for preservation; or properties to be used for economic development to «properly vetted third parties.»

Sam Reppi is converting this dilapidated 1890 building, which he acquired through the Greater Syracuse Land Bank, into apartments and a storefront business.

Land acquired by the county can be conveyed to a party other than the Albany County Land Bank if the county itself will use the land; if it goes to another government entity or nonprofit for preservation; or if it will be used for economic development by «properly vetted third parties.&raLand acquired by the county can be conveyed to a party other than the Albany County Land Bank if the county itself will use the land; if it goes to another government entity or nonprofit for preservation; or if it will be used for economic development by «properly vetted third parties.&raLand Bank if the county itself will use the land; if it goes to another government entity or nonprofit for preservation; or if it will be used for economic development by «properly vetted third parties.&raland; if it goes to another government entity or nonprofit for preservation; or if it will be used for economic development by «properly vetted third parties.»

Land banks are mechanisms for acquiring or demolishing abandoned properties that are delinquent on their taxes.

This amendment would require the state to acquire 250 acres for the preserve and maintain it in a land bank.

The Syracuse Land Bank has acquired 165 properties across Syracuse over the past year.

Adam Zaranko is executive director of the Albany County Land Bank, which helps people acquire vacant and abandoned properties.

Land banks are nonprofit organizations that can acquire property that is tax - delinquent, tax - foreclosed, vacant, or abandoned, and return the properties to productive use.

Those could be acquired faster through the land bank than through foreclosure or other means, Mr. Lander, a Brooklyn Democrat, said.

The primary purpose of the land bank is to acquire distressed properties, pay off back taxes, rehabilitate the properties and get them back on the tax rolls.

Home acquired via the Greater Syracuse Land Bank to be renovated in order to provide housing to formerly homeless men.

According to the report, Syracuse's land bank has been the most active, acquiring more than 1,000 properties and reselling more than 400.

That's more than half of the 1,995 properties acquired by land banks statewide.

The Greater Syracuse Land Bank plans to partner with the Town of Dewitt to acquire «zombie properties» in order to return them to productive use.

The budget would also provide $ 750,000 for the Greater Syracuse Land Bank, a nonprofit organization that acquires abandoned and tax - delinquent houses and puts them to productive use by selling them for redevelopment, or demolishing them and repurposing the lLand Bank, a nonprofit organization that acquires abandoned and tax - delinquent houses and puts them to productive use by selling them for redevelopment, or demolishing them and repurposing the landland.

Since its establishment in 2014, the land bank has acquired 631 properties in the county and returned $ 5.3 million is assessed value to the tax rolls.

The result is the Land Bank has had to slow down acquiring foreclosed properties.

In the last year, the land bank has acquired 165 properties that had been seized by the city for back taxes.

The Syracuse public school system projects it will collect nearly a $ 1 million less this year because of properties acquired by the city's land bank.

The audit reported the many successes of the land bank, which acquires tax delinquent properties and has resold 188 properties thus far.

Monica Kurzejeski, the city's economic development coordinator and the acting land bank executive director, said there are also 88 vacant buildings owned by the city that could be acquired.

The land bank will acquire abandoned properties with the goal of returning them to the city's tax rolls.

Our dedicated real estate finance lawyers act for banks and their borrowers who are acquiring or developing land and properties where finance is required or where there is a refinancing of existing properties or portfolios.

Under the program, the groups can apply for construction financing to fix up homes acquired from the land bank.

In July, the land bank's strategy took a big step forward when The PrivateBank committed $ 10 million in purchase - rehab financing to qualified entities that acquire homes from the land bank.