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Dayton approves transfer of 72 vacant lots to Montgomery County Land Bank for Welcome Home housing program
Summary
The Dayton City Council approved transferring 72 vacant parcels to the Montgomery County Land Bank to support new housing under Ohio—s Welcome Home program.
The Dayton City Council approved transferring 72 vacant parcels to the Montgomery County Land Bank to support new housing and neighborhood redevelopment under Ohio—s Welcome Home program.
City staff and the land bank told commissioners the parcels, concentrated in the Madden Hills and Fairview neighborhoods, will be used for a mix of new construction and renovations aimed primarily at first-time homebuyers earning up to 80% of area median income.
City staffer Tony Kroger described the transaction as a conveyance to the land bank for $10 in aggregate while noting the aggregate parcel value exceeds $50,000 and that transferring maintenance responsibility will save the city an estimated $300,000 in mowing and upkeep over 10 years. Kroger…
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