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Land-bank bill would expand tools to acquire and revitalize vacant properties, sponsors say
Summary
HB1128 would authorize municipal and county land banks to use in-rem foreclosures, clawbacks and financing tools to clear liens and assemble parcels for redevelopment; proponents said the change helps jurisdictions dispose of abandoned properties and foster redevelopment without auctioning to the highest bidder.
Delegate (presenter) — the hearing began with Delegate Homes presenting HB 11 28, a bill to expand the powers and authorities of municipal and county land banks. The sponsor said the measure would authorize land banks to undertake in-rem foreclosure actions and other mechanisms to acquire controls of vacant, lien‑burdened properties for…
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