Sentences with phrase «of land banks»

I included the creation of land banks in my urban agenda as a way to help transform our struggling urban communities.

Applications for counties, towns and cities to apply for a second round of land bank funding will be available in the summer of 2014.

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.

Local governments would also be in line to receive funding for the support of land banks and other development agencies, along with funding for a program aimed at low - cost rental housing.

It is my sincere hope that the cooperative nature of the application process carries over to the operations of the land bank, itself.

The comptroller called for the establishment of a land bank or land trust to promote vacant land being leased or sold to developers at an increased rate.

Nor does it include income generated outside the normal activities of the company, such as income on investments or foreign currency gains, or sale of a land bank etc..

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This proof came in the form of our community's proposal to the state for creation of a land bank.

Speaker Sheldon Silver and Local Governments Committee Chair William Magnarelli announced yesterday the passage of legislation that would authorize the increase of the number of land banks in New York State from 10 to 20 (A. 8819, Magnarelli).

Katelyn Wright, the director of the Land Bank said almost $ 5 million in funding from the state attorney general's office had to be used on properties involved in the mortgage foreclosure crisis.

«Expanding the number of land banks throughout New York can provide job opportunities, raise property values and truly improve the overall quality of life for both business owners and homeowners.

Since the creation of the Land Bank in 2012, the city has allocated $ 1.5 million per year.

A recently released audit of the land bank by Onondaga County and the city of Syracuse finds that while the organization has many successes, some potential problems lie ahead.

Many promoters of land banking schemes offer to refer you to lawyers, accountants or financial advisers.

And voters backed the creation of a land bank for the Catskills and Adirondacks.

Many of the benefits of land banks are derived from assembling vacant and underutilized properties under single - ownership and coordinating their maintenance and development outcomes with long - range planning.

As part of its implementation of a land bank to deal with Syracuse's massive vacant property problem, the city started sending all property seizures to the land bank.

The mayor's administration, along with members of the land bank's board, will go before the council again in the coming months and ask for a more detailed revenue sharing plan according the mayor's director of special projects, Tim Carroll.

Governor Cuomo's Regional Councils will also benefit from the creation of land banks because it will create an inventory of land that the councils can use when developing their plans.

This is because the state legislation authorizing the formation of land banks limited the number of such entities to ten.

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.

«To stop funding for even one year sends the wrong message; it is vital that we keep the momentum of the land bank going to build on the successes it has achieved.»

He's a big fan of the the land bank approach to revitalizing city neighborhoods by buying tax delinquent properties and either demolishing or selling them.

This is a significant milestone in the 5 years of the Land Bank's operations, over a third of its properties have been returned to the tax rolls.

Voters next month will consider the approval of a land bank for the Adirondacks, but supporters fret its fate amid a broader push against the constitutional convention.

In 1696 Harley advocated the founding of a Land Bank that would serve the agriculture interest as the Bank of England served the monied interest.

«You can't support the mission of the Land Bank and then not give them funding,» she said.

Miner went on the offensive last week, lobbying to sway councilors and demonstrate the importance of Land Bank funding.

The existence of a land bank allows the city to be more aggressive in its tax collection / seizure process resulting in more than $ 11 million increase in the city's collection of delinquent taxes.

At a board meeting Tuesday, the chairman of the land bank, Vito Sciscioli, said the loan is unnecessary.

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

Last year, police officers and fire fighters employed by the city, and teachers who worked for the city school district, were offered a 10 percent discount if they bought one of the land bank properties.

What people don't see is the end product of the Land Bank, Wright said.

At a recent Syracuse Common Council committee meeting, Katelyn Wright, the executive director of the land bank, said in 2014 and 2015 the land bank paid about $ 250,000 to Onondaga County in sewer usage fees.

«Expanding the number of land banks throughout the state provides a boost for struggling urban communities, empowers municipalities and opens countless doors for community revitalization and economic development,» Silver said.

In August, 2015, I, together with the Onondaga County Comptroller completed an audit of the Land Bank.

A number of land banking schemes have collapsed in Australia and overseas without the promoted development ever proceeding.

Turnout is expected to be minimal in next week's off - cycle vote and voters will also consider two ballot questions for constitutional amendments: Stripping officials convicted of felonies of their pensions and the creation of a land bank in the Adirondacks and Catskills parks.

The mayor says she is proud of many things, including the reopening of Hotel Syracuse, the graduation rates in the city and the creation of the land bank.

Increasing the number of land banks is a common - sense, effective step toward success for local governments statewide.»

«With losing $ 1.5 million in demolition funding, we've had to take a look at whether we can afford to take more into our inventory,» said Katelyn Wright, executive director of the Land Bank.

To date, the first ten of these land banks have restored hundreds of abandoned properties to productive use.

The state legislature passed a bill last summer authorizing the creation of land banks.

A decision Katelyn Wright, executive director of the Land Bank, has appealed regularly at Council meetings.