Land Bank Issues Corrected Acquisition, Disposition Tables

File this one under nobody’s perfect. Numerous attendees at the Jan. 5 public hearing on the Land Bank Strategic Plan called for increasing the property acquisitions and dispositions for housing affordable to very low-income households. In response, the Land Bank doubled the percentage of properties targeted for these families. Those higher percentages are included in the acquisition and disposition tables in the revised draft Strategic Plan now on the website.

Unfortunately, we forgot to apply those higher percentages to the total number of properties, and so the raw numbers of acquisitions and dispositions in the tables did not change. The corrected tables are below, and the Land Bank board will be asked at its Jan. 19 board meeting to amend the Strategic Plan to include them.

We regret the error, and we appreciate your understanding and interest in Land Bank activities.

Table 7 Land Bank Strategic Plan Revised

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