LORAIN — City Council’s Federal Programs Committee recommends a resolution supporting a land reutilization corporation, or land bank, for Lorain County.
The committee tonight heard from former Cuyahoga County Treasurer Jim Rokakis, who discussed the legal procedures and potential benefits of a land bank.
The land bank is a quasi-governmental body allowed by Ohio law to help communities reclaim, rehabilitate and reuse vacant, abandoned, and tax-foreclosed property, Rokakis said.
Cuyahoga, Lucas, Montgomery, Trumbull and Mahoning counties already have created land banks; they are under way in Erie, Hamilton, Summit and Stark counties, with interest building in Butler and Allen counties as well.