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.
Land Bank 101
The Portage County Land Reutilization Corporation (PCLRC), or “land bank,” is a quasi-governmental nonprofit organization that was created by the Portage County Board of Commissioners. The land bank seeks to collaborate with local governments, lenders, nonprofits, and individual property owners, in a collective effort to return blighted and vacant properties to productive use.
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.
Project Profile – A/R/R
Acquisition, Rehab and Resale of existing housing is an important tool for the Land Bank to further its mission and is an area of its operations that is currently expanding. When a vacant, abandoned and tax delinquent residential structure is acquired it can be ugly, but the Land Bank has experience and a positive track record of playing the role of developer and rehabilitating houses to a high quality and aesthetic standard for the purpose of resale to create a market rate real estate transaction. The projects are meant to move the needle in the local residential real estate market, both by adding new taxable value to the property and also giving a bump to surrounding property values. This is all done while also providing a quality homeownership opportunity for a buyer. Below are before and after photos of a house recently rehabilitated by the land bank.