The Portage County Land Bank facilitates the conversion of vacant, blighted, abandoned, and tax delinquent properties to productive use for the benefit of our community.
The Portage County Land Reutilization Corporation (or “Land Bank”) is a quasi-governmental, non-profit, organization that places intentional focus on our goal of providing a positive return on investment for the funding that we receive in the form of higher property tax valuations. These most recent performance highlights help quantify the success of our programs that return properties back to the tax rolls. Without our efforts, many of these properties would likely still be vacant, abandoned and non-productive.
The Land Bank has sold more than one-hundred (100) properties at a total amount of $1.7 million through our Open Market Real Estate Sales Program. We have transferred another nearly one-hundred and fifty parcels (150) to adjacent owners, or non-profit organizations by way of our Side Lot and Vacant Lot Disposition Programs. In excess of $2.5 million of outside grant funding has been competitively obtained, which has resulted in the demolition of more than two hundred (200) blighted and abandoned buildings and remediation of environmental issues. New investment is the goal with any property that enters our inventory. To this end, we have directly facilitated the rehabilitation of eleven (11) houses throughout the County. We have also taken a more active role in the redevelopment of vacant land by issuing loans to finance the new construction of three (3) new homes on former Land Bank properties using our New Construction Revolving Loan Fund Program.
The Land Bank’s residential revitalization efforts continue to aim to help alleviate a problem that many real estate professionals and economists agree on — that there is a lack of adequate supply of affordable housing to meet the demand in the...
The Portage County Land Bank seeks to collaborate with local governments, residents, contractors and investors to acquire property, remove blight, and return land to productive use. The land bank can only intervene with properties that are tax delinquent. To determine if a property is tax delinquent, visit the Portage County Auditor’s website. To inquire about a specific property with the land bank complete a Property Inquiry Form (PDF) and contact us. If you are a contractor interested in doing business with the Land Bank complete the Contractor Registration Form.