Programs

  • Property Acquisition and Redevelopment

    THE ORGANIZATION ACQUIRED 358 PROPERTIES DURING THE YEAR VIA MUNICIPAL TAX-FORCLOSURE, DONATION, AND PURCHASE. UPON ACQUISITION, THE ORGANIZATION'S MAINTENANCE CONTRACTOR EVALUATED EACH PROPERTY, ADDRESSED ANY SAFETY HAZARDS, AND REPORTED ITS CONDITION BACK TO THE ORGANIZATION. BASED ON THIS INFORMATION ALONG WITH LOCATION, ADJACENT ACQUISITION OPPORTUNITIES AND REDEVELOPMENT PLANS, THE ORGANIZATION DEVELOPED A STRATEGY FOR EACH PROPERTY SUCH AS STABILIZATION, DEMOLITION, SELL AS-IS, LEASE, OR ASSEMBLE WITH ADJACENT PROPERTIES. ONCE A PROPERTY IS AVAILABLE FOR PURCHASE IT IS LISTED ON THE ORGANIZATION'S WEBSITE WHERE INTERESTED PARTIES CAN OBTAIN INSTRUCTIONS TO SUBMIT A PURCHASE APPLICATION. THE ORGANIZATION CONTINUOUSLY CARRIED OUT DAY-TO-DAY MAINTENANCE AND PERIODIC INSPECTIONS ON EACH PROPERTY IN ITS POSSESSION. AS OF THE END OF 2016 THE ORGANIZATION HAD APPROXIMATELY 50 PROPERTIES AVAILABLE FOR PURCHASE ON ITS WEBSITE, AND 150 PROPERTIES WERE SOLD.IN 2016 THE LAND BANK FACILITATED THE DEMOLITION OF 76 DILAPIDATED AND HAZARDOUS ABANDONED STRUCTURES. IN ADDITION, THEY OBTAINED GRANT FUNDING FROM THE OFFICE OF THE NY ATTORNEY GENERAL TO RENOVATE HOMES FOR LOW-INCOME OWNER OCCUPANTS AND, WITH THEIR CO-DEVELOPMENT PARTNER, COMPLETED THE RENOVATION OF 11 OF THESE HOMES IN 2016.
    Geographies
    Not indicated
    Dates
    Jan 1, 2016 – Dec 31, 2016
    Source
    990
    No causes provided
    No populations provided
    –
    $4.4M