Matthew Sternberg, executive director of Lancaster County Housing & Redevelopment Authorities at last Monday's meeting
There's a new way for Columbia to confront vacant, abandoned and blighted properties: the Lancaster County Land Bank.
Matthew Sternberg, executive director of Lancaster County Housing & Redevelopment Authorities, gave an "information only" presentation about the Land Bank last Monday night at a joint meeting of the Columbia Borough Council and the Columbia Borough School Board.
Sternberg described the concept as a collaboration of the borough, the school district, and the Land Bank, providing a means for remediation of blighted and other troubled properties. The entity does not have eminent domain powers (as a redevelopment authority does), but it can assemble funding for blight remediation and site upgrades, and can acquire, develop, demolish, or otherwise dispose of real property. A land bank also has the ability to buy a property prior to a tax sale to properly revitalize it and can even extinguish outstanding liens. According to Sternberg, the objective of the land bank process is to rehabilitate a property and get it back on the tax rolls at a much higher level.
Columbia Borough currently has 26 properties in various stages of blight.
Sternberg said that no other municipalities have finished the process of joining the Land Bank yet, which entails a one-time membership fee of $5,000 and an annual fee of $1,000.
Sternberg described the concept as a collaboration of the borough, the school district, and the Land Bank, providing a means for remediation of blighted and other troubled properties. The entity does not have eminent domain powers (as a redevelopment authority does), but it can assemble funding for blight remediation and site upgrades, and can acquire, develop, demolish, or otherwise dispose of real property. A land bank also has the ability to buy a property prior to a tax sale to properly revitalize it and can even extinguish outstanding liens. According to Sternberg, the objective of the land bank process is to rehabilitate a property and get it back on the tax rolls at a much higher level.
Columbia Borough currently has 26 properties in various stages of blight.
Sternberg said that no other municipalities have finished the process of joining the Land Bank yet, which entails a one-time membership fee of $5,000 and an annual fee of $1,000.