Summary
The Land Bank reported $14.5 million invested, 260 units created, and 12 renovated homes sold to local first-time buyers — plus a planned 30+ unit affordable co-op and a push for new revenue-sharing with the city since state law now blocks $1 property transfers.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Apr 23, 2026.
Impact analysis
$14.5 million invested to date; $387,000 spent this year acquiring twelve city properties now that $1 transfers are barred by law.
First-time Black, Latino, and local homebuyers, renters in restored buildings, and the city's tax base.
No one directly, though high construction costs are squeezing the Land Bank's rehab capacity.
Mentions & discussions (1)
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