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Chesapeake Land Bank Authority reports FY25 gains, unveils strategic plan
Summary
The Chesapeake Land Bank Authority presented its FY25 annual report and a multi-goal strategic plan developed with the Center for Community Progress, highlighting 18 properties in inventory, $276,000 in grants awarded in FY25 that leveraged $416,000, and new strategies to expand acquisitions, diversify funding, and prioritize neighborhood-based dispositions.
John Harbin, director of the Chesapeake Land Bank Authority, presented the authority’s FY25 annual report and a newly completed strategic plan to the City Council during a Nov. work session. Harbin said the land bank currently holds 18 vacant, abandoned or deteriorated properties — nine in the South Norfolk target area, seven in Great Bridge and two in Indian River — and has returned five parcels to productive use in the last year.
The land bank’s South Norfolk Residential Rehab ("Grama") matching grant program was a centerpiece of the presentation. Harbin told council that the program typically functions as a 50–50 matching grant; in FY25 the authority awarded $276,000 in grant funds that leveraged a total investment of $416,000 in the historic district. "The grant typically functions as a fifty–fifty matching grant," Harbin said, adding that an income-qualified hardship…
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