Crawford County Forms Land Bank
Land Bank Update
January 20, 2016
Courtesy of The Crestline Advocate
Crawford County has a new bank, but it is somewhat different than a traditional bank or even savings and loan company.
Crawford County Commissioners approved on Jan. 12 the establishment of The Crawford County Land Reutilization Corporation which will act as the county’s land bank. Currently, only 27 of Ohio’s 88 counties have county land banks.
The purpose of a land bank is to make it easier to acquire vacant, abandoned and tax-foreclosed properties, then return them to productive use or demolish them. County land banks are not government agencies, but independent corporations.
Those who wish to see a formal presentation may contact Crawford County Treasurer Gary Cole.
More on this story is available in the latest edition of The Crestline Advocate.
Source: Crawford County Now (The Crestline Advocate)