City Land Bank outlines strategies for property sales and acquisitions

The City Council of Newton, Kansas, held a meeting on June 27, 2025, where discussions centered around the Newton Land Bank and its efforts to manage and sell properties in the area. A key highlight was the potential interest from multiple parties in purchasing land, with hopes that requests for discounted sales could emerge as early as August.

The council discussed the need for effective signage to promote available lots, suggesting simple, cost-effective options rather than elaborate real estate signs. The proposed signs would inform the public that properties are for sale, with listings also available on platforms like Zillow and Realtor.com. Currently, the Land Bank has one lot priced at $5,595, which reflects 75% of its appraised value.

The meeting also touched on the limited availability of properties through tax sales, with the last sale occurring in March for a single house. The council acknowledged that options for acquiring new properties are restricted, primarily relying on tax sales and donations. However, they expressed readiness to act if suitable properties become available.

Another significant topic was the potential foreclosure on a property at 611 East Eighth Street, which has been complicated by existing liens. The council discussed the possibility of advancing foreclosure proceedings to address the situation, especially since the current owner has shown willingness to cooperate.

Additionally, there were discussions about another property near Third and Boyd, which has faced code enforcement issues. The owner, who lives out of town, may be reconsidering the property's future, presenting an opportunity for development, possibly even multifamily housing.

As the council continues to monitor these developments, they remain committed to addressing community needs through the effective management of the Land Bank and its properties. The outcomes of these discussions could significantly impact local housing availability and community development in Newton.