10 Feb Take the Muncie Model of Land Banking Statewide
Land Bank Update
February 5, 2021
Source: The Star Press
LegiScan (IN SB0236 Full Text/Info)
The Muncie Land Bank has successfully grown into a community asset for addressing the issue of property abandonment and vacancy. New pending legislation in the State Senate (Senate Bill 236) proposed by State Sen. Tim Lanane and supported by State Rep. Sue Errington could make the Muncie Land Bank even more effective and make the process of starting a land bank in other communities more transparent and efficient.
In 2016, Senator Lanane wrote state legislation that allows cities and counties to create land banks. The Muncie Land Bank used these laws to get started and over the past three years, through two mayoral administrations, our volunteer board and one staff member have received the support of elected officials on both side of the political aisle. It has grown into a nonprofit that can purchase or receive donated properties, maintain them and return them to private buyers who put them to productive use. Each of these steps helps improve local property values and increase the local property tax-base.
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