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Council assigns liens on vacant properties to regional land bank to spur rehab
Summary
The council approved a resolution assigning city liens on five vacant residential properties to the Kankakee Regional Land Bank, enabling the land bank to pursue acquisition or foreclosure and streamline rehabs or transfers to developers.
The Kankakee City Council on June 2 authorized assignment of municipal liens on five vacant residential properties to the Kankakee Regional Land Bank to allow the land bank to pursue legal steps to obtain and rehabilitate the houses.
City staff said many of the properties are vacant and that the land bank will take on the cost and process of using…
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