Ross County Land Bank
The Ross County Land Reutilization Corporation (Ross County Land Bank) was established in 2016 as a means to reduce the number of vacant and blighted properties in the City. Vacant and blighted properties attract crimes and lead to a number of problems for the community including lowered property values on neighboring homes and decreased tax revenue for the County. The Land Bank acquires properties headed for foreclosure proceedings or those sitting vacant and through either demolition or rehabilitation, improves the properties and makes them usable.
By forming the Land Bank, the area was approved for up to $500,000 in grant funding through the Neighborhood Initiative Program. These funds go toward the acquisition and demolition of vacant and blighted properties. The Land Bank is currently looking into funding and seeking partners to rehabilitate properties that can be saved and are cost-effective.
Asti Powell, Land Bank Director