Topeka Introduces Land Bank Program to Repurpose Properties for Affordable Housing
Industry Update
April 5, 2023
Source: KSNT.com
Topeka City leaders are weighing a new proposal to transform many of the city’s vacant and blighted properties into livable housing.
District 8 Councilman Spencer Duncan introduced a plan to implement a land bank program to rehabilitate residential properties.
A land bank’s sole purpose would be to acquire and repurpose foreclosed, vacant and abandoned properties – and turn them into affordable housing.
A recent city housing study found Topeka needs to add more than 400 units in the next five years to meet the current housing demand. In collaboration with the City Manager, the three-year pilot program would be funded by a one-time cost of $500,000.
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