Land Bank Program
The Central Ohio Community Improvement Corporation (COCIC) is the New Franklin County Land Reutilization Corporation
You may have heard the exciting news about the creation of a new Franklin County Land Reutilization Corporation (or Land Bank) that I am spearheading. Here is the link to a Dispatch article that describes the new land bank.
The Central Ohio Community Improvement Corporation (COCIC) will serve as the County's land bank agency, which will give the County the ability to quickly take control of blighted properties that are vacant and tax-delinquent. The COCIC's Board of Directors held its inaugural meeting in May and I serve as its chair. Funding for the land bank will, in effect, come from penalty and interest paid by delinquent taxpayers. Through this new initiative, the County will work with local and state partners, as well as private and non-profit agencies, to rehab or demolish these buildings with the goal of returning the properties to productive use.
In the meantime, if you know of a property you believe should be reviewed by the County's land bank, please complete and email the form found at this link. To qualify for a land bank foreclosure, the property must be both 1) tax delinquent and 2) vacant and abandoned. I will ask the COCIC to review all suggestions I receive. However, I must also ask for your patience since funding is limited for what seems like an endless number of properties that need to be demolished (actually, more than 3,000 structures in the County could currently qualify). Nevertheless, the land bank will work to leverage its impact and maximize the number of foreclosures initiated after it identifies and prioritizes qualifying properties.
If you have other questions about this new program, please email me at Ed_Leonard@franklincountyohio.gov or contact the COCIC's Executive Director via email at email@example.com.
Sincerely, Edward Leonard Franklin County Treasurer Chairman, Franklin County Land Bank