land bankAlthough the use of land banks has been in existence for many years in other states, it was not until after the New York real estate market collapsed in or around 2008  that the New York State Legislature enacted the 2011 New York State Land Bank Act (“Land Bank Act”). 

The Land Bank Act authorizes local governments with taxing authority

Continue Reading New York State Land Banks: Are they Really Helping in the Fight Against Blight and Zombie Houses?