Properties are only sold through an application to the Land Redevelopment Office. The specific application required will depend on the individual property and the intended use.
1. Application to Purchase Land Bank Property for Renovation or New Construction
The above application is used to purchase a property identified as a property received through Tax Foreclosure or "Other" designation. A buyer will need to provide a plan to redevelop the property. More information is included in the application packet. The Land Bank also has an inventory of property purchased with funds provided by the federal government, which are identified as "NSP" on the property list. A buyer may be required to agree to certain restrictions as part of the sale, including restrictions on how the property can be used, amount of profit, and income qualifications for furture tenants or homebuyers.
2. Application for Yard Expansion and Vacant Lot Purchase
Vacant Land Bank lots are available for purchase by nearby owners and non-profit organizations. The price is the fair market value of the property as determined by either the county auditor or other acceptable property valuation such as an appraisal.
3. Mow to Own Addendum
Homeowners can earn "sweat equity" toward the purchase of adjacent city-owned vacant lots with certain conditions through the Mow to Own program. See the addendum for details.
4. Community Garden License Application
Many community organizations partner with the Land Bank in order to use vacant lots for community gardening. The $10 parcel license is good for one year.
Have a question about your application? Be sure to check our Frequently Asked Questions page.