In 2016, the Virginia General Assembly passed the Land Bank Entities Act, which authorizes localities to form a land bank either by creating a local government authority, forming a nonprofit corporation, or selecting an existing nonprofit. Currently, there are at least six operating in the Commonwealth, and about 170 operating nationwide. Land banks provide pathways for communities to return vacant properties to use. To learn more, check out the slides from our webinar on land banks.
Land Banking in the Commonwealth
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