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House passes Gus Frangos Act to update Ohio land bank law
Summary
House Bill 86, named for Gus Frangos, passed unanimously to modernize county land bank operations, protect property owner rights after foreclosure, enable online sales and expand partnerships with townships for abatement and redevelopment.
The Ohio House on May 27 passed House Bill 86, the Gus Frangos Act, which updates state law governing county land reutilization corporations (land banks), changes foreclosure and surplus-proceeds procedures, and expands tools for local governments to address blight.
Representative Demetrio, the bill sponsor, said the measure modernizes land-bank operations, protects…
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