land bank
noun
: a bank that provides financing for land development and for farm mortgages
Example Sentences
Recent Examples on the Web Possible tasks for the commission could include developing a regional housing authority, overseeing a housing trust fund or managing a regional land bank, according to the plan. 
Ginny Monk, Hartford Courant, 23 July 2022 On the Parma project, the county land bank is also pitching in $50,000 and will be performing the demolition, scheduled for the spring. Kaitlin Durbin, cleveland, 25 Feb. 2022 In addition to necessary renovations prescribed by the land bank and Truly Reaching You, homes will receive a new furnace, central air conditioning and a new hot water heater, according to Wilhite. Megan Becka, cleveland, 1 Feb. 2022 Dunn and Orr, who both live in the North End, attended the land bank and Hartford Community Loan Fund’s press conference Tuesday announcing the new training program. Rebecca Lurye, courant.com, 4 Nov. 2021 Cleveland and two city councilmen introduced legislation this month to sell parcels, all under the city land bank’s control, after leasing it for three years for the nonprofit’s use. Eric Heisig, cleveland, 22 Apr. 2021 In April, the land bank publicly sought bids for development proposals. Alex Demarban, Anchorage Daily News, 15 Jan. 2022 Before coming to the land bank, Thompson served as Philadelphia's deputy finance director. Christine Macdonald, Detroit Free Press, 14 Jan. 2022 Incoming Mayor Eric Adams has pledged to do so, and the new city comptroller, Brad Lander, has proposed transferring properties that default on mortgages or rack up unpaid taxes into a community land bank and then to land trusts. Eileen Markey, The New Republic, 10 Jan. 2022 See More
Ginny Monk, Hartford Courant, 23 July 2022 On the Parma project, the county land bank is also pitching in $50,000 and will be performing the demolition, scheduled for the spring. Kaitlin Durbin, cleveland, 25 Feb. 2022 In addition to necessary renovations prescribed by the land bank and Truly Reaching You, homes will receive a new furnace, central air conditioning and a new hot water heater, according to Wilhite. Megan Becka, cleveland, 1 Feb. 2022 Dunn and Orr, who both live in the North End, attended the land bank and Hartford Community Loan Fund’s press conference Tuesday announcing the new training program. Rebecca Lurye, courant.com, 4 Nov. 2021 Cleveland and two city councilmen introduced legislation this month to sell parcels, all under the city land bank’s control, after leasing it for three years for the nonprofit’s use. Eric Heisig, cleveland, 22 Apr. 2021 In April, the land bank publicly sought bids for development proposals. Alex Demarban, Anchorage Daily News, 15 Jan. 2022 Before coming to the land bank, Thompson served as Philadelphia's deputy finance director. Christine Macdonald, Detroit Free Press, 14 Jan. 2022 Incoming Mayor Eric Adams has pledged to do so, and the new city comptroller, Brad Lander, has proposed transferring properties that default on mortgages or rack up unpaid taxes into a community land bank and then to land trusts. Eileen Markey, The New Republic, 10 Jan. 2022 See More Word History
First Known Use
1696, in the meaning defined above
Legal Definition
land bank
see bank