Jacksonville Looks to Land Bank to Deal with Abandoned Houses
Industry Update
August 30, 2022
Source: myjournalcourier.com
The city of Jacksonville is getting into the land bank business.
The name may be a bit misleading because the goal of a land bank is to get blighted and rundown properties back on to tax rolls, according to Brian Nyberg, community development director for the city.
“This is not a profitable thing. It’s not about making money,” Nyberg said. “It’s all about making properties usable again, getting them back on the tax rolls and cleaning up the city.”
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