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Illinois Housing Development Authority | Saving Illinois Communities

Published on August 4, 2020
Illinois Housing Development Authority | Saving Illinois Communities

Land banks are gaining traction as an effective solution to attract reinvestment and redevelopment to regions hit hardest by blight. But despite an acute need for investment and a high rate of vacancies, startup costs and a lack of operational experience prevent many communities from realizing the benefits of this tool. Recognizing this unmet need, IHDA launched the Land Bank Capacity Program to provide start-up funding and technical assistance to create land banks in underserved communities.

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