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Much more than just "drug houses"; State grants to fund commercial building demolition would propel county land banks as key drivers of Ohio's economic development | Bricker & Eckler LLP


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In late April 2021, a legislative committee in the Ohio House held its second hearing to consider creating a $100 million grant program, exclusively for county land banks, to fund commercial building demolition. Ohio’s land bank statutes are recognized as a national model, uniquely providing an opt-in for county commissioners to direct tax collections to fund their county land banks’ activities. That revenue model, coupled with allocations from the state’s Hardest Hit Fund (specifically, the sun-setting Neighborhood Initiative Program), allowed land banks to grow in number during the past decade and thrive in addressing so-called nonproductive land in their communities.  ....

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Mortgages released on Land Bank properties - Sidney Daily News


Mortgages released on Land Bank properties
By Kyle Shaner - kshaner@sidneydailynews.com
SIDNEY – The Neighborhood Initiative Program released three mortgages on properties owned by the Shelby County Land Reutilization Corp., which is making plans on what it will do with them moving forward.
Director Doug Ahlers reported during the April 20 Land Bank meeting that the NIP released mortgages on properties at 45 E. Park St. in Fort Loramie, 224 Queen St. in Sidney and the former Miami Inn property at 500 N. Miami Ave. in Sidney.
Procedures for the sale or disposal of the Land Bank’s properties are being reviewed, Ahlers said. Initial preparations were made in 2016 but will need to be updated. ....

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