The Portage County Land Reutilization Corporation (Land Bank) is a 501c3 nonprofit organization whose mission is to facilitate the conversation of vacant, blighted, abandoned and tax delinquent property to productive use for the benefit of our community. The Land Bank furthers this mission by strategically acquiring properties and utilizing rehabilitation, resale, demolition, and other economic development tools to increase the value of a property and those that surround them. A focus of the Land Bank is to provide a positive return on the investment of the funding it receives in the form of property value being added to the tax rolls.
Legislation to create politically independent land banks formed out of a need to respond to the housing crisis of 2008. State legislators enabled Ohio Senate bill 353, during the 127th General Assembly which allowed the Cuyahoga County Commissioners to create the first modern land bank in Ohio. Legislation later included counties with lower populations, and in 2012 the Portage County Land Bank was created by the Portage County Board of Commissioners. At that time, Ohio Attorney General Mike DeWine’s Moving Ohio Forward Program provided a way for communities to access much-needed funding for residential demolition as part of a settlement with the nation’s mortgage servicers and the new land bank focused on administering those grant funds. In 2014 the Moving Ohio Forward program concluded and was followed by additional monies that became available for residential demolition under the Ohio Financing Housing Agency’s Neighborhood Initiative Program. In total between these two programs, the Land Bank leveraged nearly $2,000,000 in outside funding to demolish one hundred and forty-four (144) residential structures throughout Portage County. Today, the Land Bank has shifted its primary focus to rehabilitation of existing housing and completes residential demolitions on a more limited basis.
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.
Financials, Policies, Minutes & Annual Reports
April 15, 2020 – Meeting Canceled
January 2018 – No Meeting
December 2017 – No Meeting
November 2016 – No Meeting