The Erie County Land Reutilization Corporation (or Land Bank) is a community improvement corporation whose purpose is to promote and facilitate the reclamation, rehabilitation and reutilization of vacant, abandoned, tax-foreclosed or other real property in Erie County.
By strategically acquiring properties and returning them to productive use, the Land Bank works to reduce blight, increase property values, strengthen neighborhoods, and improve the quality of life for all Erie County residents.
The Erie County Land Bank has been awarded $500,000 in Grant funding through the Ohio Housing Finance Agency’s (OHFA) Neighborhood Initiative Program (NIP). The program will utilize up to $60 million of the state’s Hardest Hit Funds to assist with stabilizing local property values through the demolition of vacant homes across the state.
As part of the program, applicants will be responsible for all aspects of the property acquisition and removal as well as plans for greening and ongoing maintenance of the property. The maximum amount of grant assistance per property is $25,000, but it is hoped that the amount of grant assistance needed with the demolition of properties will average closer to $12,000 - $15,000. Therefore, it is estimated that Erie County could see 30 – 35 blighted properties razed during the grant period while potentially up to 5,000 vacant and abandoned homes could be demolished statewide through this program.
County Land Bank Signs MOU with City of Sandusky
As part of the Ohio Housing Finance Agency’s Neighborhood Initiative Program (NIP) demolition grant, the Erie County Land Bank (ECLRC) has entered into a Memorandum of Understanding with the City of Sandusky. The NIP grant requires that targeted properties must be owned by the County Land Bank prior to demolition. The MOU establishes the process through which properties are transferred from the City of Sandusky’s Land Bank to ECLRC. The first six properties from the Sandusky Land Bank are slated to be transferred to the County Land Bank in early March.
The grant also allows for funding the greening and maintenance of the properties post demolition for up to three years, or until the property can be transferred to an eligible end user. The amount of grant assistance per property is capped at $25,000, but it is hoped that the amount needed for the demolition of these blighted properties will average closer to $12,000 - $15,000, allowing for additional properties to be included in the grant.
Moving Ohio Forward Demolition Program:
The Ohio Attorney General’s Moving Ohio Forward demolition program concluded September 30, 2014. This grant provided funding which allowed the Land Bank to demolish 47 residential units encompassing 39 vacant, blighted properties throughout Erie County. Blighted, vacant or abandoned properties were eliminated in the City of Sandusky, City of Huron, Perkins Township, Vermilion Township, City of Vermilion, Margaretta Township and Oxford Township. The total amount of Grant funding expended in these 39 demolitions was $486,227.95, or roughly $12,467 per property.
ECLRC Quick Facts:
For information about the Erie County Land Bank, contact Land Bank Executive Director Scott Schell at 419-624-6894 or email@example.com