City Council Moves Forward with Land Bank Plans
Industry Update
May 16, 2023
Source: ksnt.com
Topeka City Council is moving forward with the Land Bank Pilot Program. Council approved the ordinance at Tuesday’s meeting. Most council members were in support of the program, while others were a little hesitant.
The City’s 2020 Topeka Citywide Housing Market Study and Strategy found there are hundreds of Topeka homes in need of reparations. The $500,000 Land Bank is intended to help the City address those abandoned, tax-foreclosed or other unused properties. Through the program, the city plans to flips several properties and make them livable for low-income families.
“There’s properties that have been burned down that need to be destroyed,” Councilman Brett Kell said. “There’s properties that have burned down, and it’s just the foundation sitting there and they’re safety risks. So, this is a way to beautify Topeka and get people into these homes for a low cost so they can eventually be able to move up the economic ladder.”
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