GMVLB

GMVLB Greater Mohawk Valley Land Bank

  • In order to combat the problem of vacant and abandoned properties, the program permits local communities to create land banks to be utilized bycommunities to facilitate the return of vacant, abandoned and tax-delinquent properties to productive use.

 

  • The primary focus of land bank operations is the acquisition of real property that is tax delinquent, tax foreclosed, vacant and/or abandoned, and to use the tools of the program to eliminate the harms and liabilities caused by such properties.

 

 

Under a state law enacted in 2011, any tax district with foreclosure powers is eligible to form a not-for-profit land bank with approval from the state’s urban development corporation. The idea behind a Mohawk Valley Land Bank is that a regional public authority would have more focus and greater resources to make sure the properties aren’t disposed of at far less than they are worth. The authority could also work with buyers to make sure the properties are secured and redeveloped, rather than persisting in dereliction and tax delinquency.
Contacts:
MVEDD Executive Director
Mohawk Valley Economic Development District
Joseph Caruso
Email:
Phone: 315-866-4671
© 2017 Mohawk Valley Economic Development District, Inc.