Assembly Legislation Creates Land Bank Program To Help Revitalize Communities With Many Abandoned Properties

Assembly Legislation Creates Land Bank Program To Help Revitalize Communities With Many Abandoned Properties

New York, NY – June 20, 2011 – (RealEstateRama) — In an effort to help revitalize struggling communities throughout the state with high numbers of abandoned properties, Assembly Speaker Sheldon Silver, Local Government Committee Chair William Magnarelli, and Assembly Members Sam Hoyt and Donna Lupardo announced today the passage of legislation that would allow municipalities to create land banks.

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