Cities and towns across the country are struggling with an affordable housing crisis. At the same time, many of them have vacant and abandoned properties, often concentrated in disinvested neighborhoods. It’s a common question: can’t those properties be used for affordable housing and shouldn’t the community have a say in how land is used in their neighborhood? The web of policies, laws, and practices that keep properties stuck in decline is complex and must be untangled before those properties can be reused. Land banks are one of the tools that can help free up this property pipeline and make productive reuse possible. Community land trusts are another tool that can help empower communities to make decisions about land use in their neighborhoods now and forever. This ground-level session will look at how land banks and related systems can “unlock” properties that are trapped in decline, and when coordinated with community land trusts, can lead to reuse strategies that support lasting affordable housing and other community needs.
Community Economies –– Sponsored by Citi Community Development