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Land Bank Individual Sign On

 

 

 

Sign On!

 

YES!

 

I support the creation of a PHILADELPHIA LAND BANK

to put vacant properties into productive re-use.

 

I believe that a Land Bank must:

 

·         Be a Single Entity with the authority to handle acquisition, maintenance and sale of vacant property in a reasonable timeframe with clear and objective standards.

·         Be Predictable, Transparent and Accountable.

·         Create an accurate and accessible inventory of publicly and privately owned vacant property.

·         Transfer property for a range of re-uses that benefit communities and the City that are guided by a fair and balanced disposition policy and by city-wide and neighborhood plans.

·         Use authority to ensure negligent owners maintain properties and pay taxes.

PACDC Fact

  • PACDC’s activities have culminated in $180 million to date in new resources for affordable housing and neighborhood economic development.

  • The Philadelphia Housing Trust Fund has raised nearly $80 million since September 2005 to expand housing opportunities for more than 6,000 Philadelphia families.

  • The CDC Tax Credit Program has fostered 35 partnerships between businesses and non-profits that is providing $60 million in new funding for CDC neighborhood economic development.

  • PACDC’s Member Services programming builds capacity of CDCs through technical assistance and training, sharing of best practices, networking, and promotion of the local CDC industry.

  • The local CDC industry generated $3.3 billion in economic impact in Philadelphia during the past 20 years.

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