Model Practices in Tax Foreclosure and Property Disposition: Cleveland Case Study

Local Initiatives Support Corporation
The Cleveland Land Bank serves as the primary vehicle for the acquisition and disposition of tax-delinquent properties to community based organizations in the City of Cleveland. A 1976 state statute allows any Ohio municipality to establish a Land Reutilization Program (or, a land bank) for purposes of acquiring, managing and disposing of delinquent land to reinstae such properties to tax revenue status. In 1988, House Bill 503 strengthened the 1976 state statute.
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