Monday, January 30, 2017

Land Bank revises targets in 2017 strategic plan



We are seeing first hand why the land bank may not be as efficient as it could be,” Aviva Kapust, executive director of the Village of Arts and Humanities, told the Philadelphia Land Bank board in a public hearing on January 5. “Two days ago, we were informed that two of our properties in the middle of the art park, two of those privately-owned tax delinquent parcels which were meant to not be on the Sheriff's Sale list were mistakenly added to it. And they were purchased.”


Kapust is well aware of the dangers vacancy holds and the racist public policies that spawned it.
Over the last several decades the Village transformed vacant lots and abandoned buildings in North Philadelphia into a string of art parks to mitigate the damage.

The Philadelphia Land Bank is designed to cut through the kind of complex legalities that bind much of the vacant land her organization occupies. The land bank promises to rationalize the vagaries of the city’s land sale process, prioritize different uses, and put vacant property back to productive use.

After Kapust spoke with land bank representatives, two properties occupied by the Village were removed from Sheriff's Sale and placed at the top of the Land Bank’s acquisitions list, with the intention that they would be transferred to the organization for a nominal fee.

Go to PlanPhilly.com for why the administration says the addition of 1,600 properties to the land bank has shifted plans.

Source: Philadelphia Business Journal

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