land banks

Property holding institutions

Land banks are public or nonprofit entities that acquire, hold, and manage vacant or abandoned properties—typically to return them to productive use.

They address blight in areas where the private market has failed: The land bank demolished the derelict house and sold the lot to a community garden.

A land bank may also refer to a reserve of undeveloped land held for future use, or historically, institutions that made loans secured by land.

Opposites
asset type held

land bankscash reserves

Accessible money stockpile

money market funds · currency reserves · hedge funds · commercial banks

market function

land banksmortgage lenders

Companies offering property loans

mortgage banks · credit unions

property disposition goal

land banksland speculators

Those betting on property appreciation

slumlords · absentee landlords · gentrifiers

Family

land, bank, lands, banks, landed, landing, landings, landless, landlord

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Timeless · Rated G