Butler County Land Bank Adds Another Township
Industry Update
May 14, 2022
Source: journal-news.com
The Butler County Land Bank is a decade old this year and has spent $7.8 million downing nearly 1,000 eyesores.
As a result, property values have increased at least 47% in Middletown and 27% in Hamilton.
A 500% leap from about 500 to 3,000 foreclosures between 1999 and 2010 prompted the establishment of the Butler County Land Reutilization Corporation, commonly known as the land bank, in 2012. There was also state money available the cities of Hamilton and Middletown wanted to tap into. In the beginning only the two largest cities were members of the land bank because they ponied up $1.1 million each in order to collect Moving Ohio Forward monies.
Today all of the cities and townships and villages — except Monroe — are members, now that the board accepted a memorandum of understanding with Milford Twp. this week. College Corner and Sharonville are not members but those jurisdictions only have little slices of land within the county.
For full report, please click the source link above.