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House General & Housing committee asks DHCD for statewide land bank report by Nov. 1
Summary
The House General & Housing Committee continued work on a housing bill Feb. 27 and inserted a directive asking the Department of Housing and Community Development to produce a report by Nov. 1 on the structure and role of statewide and local land banks, including options to ensure rural areas benefit.
The House General & Housing Committee on Thursday, Feb. 27 continued its review of draft 4.1 of a committee housing bill and included a provision asking the Department of Housing and Community Development (DHCD) to produce a report on land banks by Nov. 1.
Committee leaders said the request is intended to examine how a statewide land bank could work alongside local land banks, creating a tiered relationship so communities across the state — including rural areas — could benefit from land-bank activity. "One of the ways that emerged to deal with this is the creation of the land bank," the Committee chair (unnamed) said. "This section asks for a report. And one of the concerns…was that…
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