In the late 1980s, the Louisville/Jefferson County Landbank was formed, making it the third oldest Landbank in the country. The Landbank is a partnership between the three main taxing entities, Louisville/Jefferson County Metro Government, the Commonwealth of Kentucky, and the Jefferson County Public Schools. Its mission is to return vacant, abandoned properties back into productive use. Included in its powers are the acquisition and disposition of properties, including a limited power to clean property titles of delinquent taxes and code-related liens. Most of the Landbank's acquisitions come from city foreclosure of vacant and abandoned properties. Rehabilitation projects are reviewed by staff and presented at the monthly Landbank meeting. Purchasers of Landbank properties vary greatly. Some are owner occupants acquiring the lot next door or on the block, small developers interested in rehabbing an old house, neighborhood residents with plans to open a business, and developers building a brand new house. Visit www.louisvilleky.gov/vacant to see the available properties and sales programs offered by the Landbank.
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