Land Banking

Land banking is the practice of acquiring, holding, and managing vacant, abandoned, or underutilized properties for future development or community use. Land banks are often public or nonprofit entities that stabilize distressed neighborhoods, prevent speculative practices, and facilitate the redevelopment of blighted areas. 

By consolidating parcels and preparing them for reuse, land banks support affordable housing, green space, and economic development projects. They also help address issues of tax delinquency and property abandonment by returning nonproductive land to productive use.