Blog

The Portage County Land Reutilization Corporation, or Land Bank, received the Auditor of State Award from State Auditor Keith Faber for having a clean audit in its most recently completed report. Entities that receive the award meet the following criteria of a “clean” audit report: The entity must file financial reports with the Auditor of […]

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 current housing market. Many of the rehabilitations that the Land Bank takes on are […]

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 […]

The Land Bank’s New Construction Revolving Loan Fund (NC RLF) pilot program is a collaboration with the private sector that aims to leverage the Land Bank’s current and future inventory of vacant land and currently available funding to promote investment and redevelopment of under-utilized property throughout Portage County. The RLF program provides the necessary land […]

Since its founding in 2012, the Portage County Land Bank—based in Ravenna, Ohio—has established itself as a strong force in the Portage County community. In 2018, the Land Bank completed its first ARR project in Shalersville Township. The property was brought to the Land Bank’s attention by the Sheriff’s Department and local trustees, who wanted […]