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

Local Initiatives Support Corporation
The City of Indianapolis and Marion County seek to return unproductive land to revenue-generating status and to advance the redevelopment efforts of community development organizations through a property disposition model built upon enabling legislation and a cooperative relationship between government entities. The expedited tax-sale (assemblage and transfer of property to community development corporations [CDCs] with specific redevelopment plans) and a state statute authorizing the transfer of property from the City to CDCs for redevelopment purposes promote this agenda.
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