Document Type
Article
Abstract
This article argues that New York municipalities should integrate land banks into the tax enforcement process to break the unhealthy cycle perpetuated by real estate and lien speculators. By transferring all tax liens and foreclosed properties to local land banks, municipalities can generate an important funding source that will help cover land banks' operations while simultaneously maximizing land banks' ability to reinvest lien proceeds and equity into redeveloping or demolishing properties with little or no value. If New York municipalities use their Land Bank Act powers fully, local and regional land bank efforts can become a vital tools for planning and implementing community revitalization programs.
Recommended Citation
J. Justin Woods, Incorporating NY Land Banks into the Delinquent Property Tax Enforcement Processes, N.Y. Zoning L. & Prac. Rep., Mar./Apr. 2015, at 1, http://digitalcommons.pace.edu/lawstudents/18/.
Included in
Environmental Law Commons, Land Use Law Commons, Property Law and Real Estate Commons, State and Local Government Law Commons, Taxation-State and Local Commons