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Washington County land bank incorporated, seeks operating and capital funding
Summary
County land bank has received its certificate of incorporation and has applied for an EIN; the land bank has requested $200,000 in operating funds and $2,000,000 in capital and will evaluate county-owned properties for potential rehab or demolition.
County staff reported the land bank has been incorporated by the state and is completing administrative steps (EIN and employer account) required to open a bank account and begin operations. The newly formed land bank submitted a funding request for $200,000 in operating support and $2,000,000 in capital to finance property acquisitions and rehabilitations.
Staff said the land bank board is reviewing county‑owned property inventories to identify potential acquisitions, rehabs or demolition candidates and that some candidate properties may require environmental predevelopment work financed by regional brownfields funding. Staff said legal questions remain about title transfers and county policy and that those issues will be resolved before properties are transferred.
Why it matters: a functioning land bank can accelerate rehabilitation or repurposing of county‑owned properties, especially for redevelopment or brownfield remediation, but requires startup funding and clear legal authority for transfers.
Staff said the land bank web site is live (washingtoncountylandbank.org) and that funding decisions may be announced within a month.
