land bank

Bank Closure:Heartland Bank and Trust Company, Bloomington, Illinois, Assumes All of the Deposits of Bank of Shorewood, Shorewood, Illinois

Bank of Shorewood, Shorewood, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation - Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.Bank Closure:Heartland Bank and Trust Company, Bloomington, Illinois, Assumes All of the Deposits of Bank of Shorewood, Shorewood, Illinois




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DSHA’s Area of Opportunity Land Bank Program Wins National Award

Dover, Del. October 26, 2023 – A program designed to encourage new rental housing construction in Delaware received national recognition via the 2023 Annual Awards for Program Excellence at the NCSHA’s 2023 Annual Conference & Showplace, held October 14 -17 in Boston.     The award recognized DSHA’s Area of Opportunity Land Bank Program, which created a […]



  • Delaware State Housing Authority
  • 2023 Annual Awards for Program Excellence

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DCRPT Secures Convictions Against Former Land Bank Director

The Delaware Department of Justice’s Division of Civil Rights & Public Trust (DCRPT) has secured two convictions against William Freeborn, the former Executive Director of the Wilmington Neighborhood Conservancy Land Bank (WNCLB). “If you abuse the public’s trust we will hold you accountable,” said Attorney General Jennings. “The defendant used a position of public confidence to […]



  • Department of Justice
  • Department of Justice Press Releases
  • News

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REFILE-South Africa suspends use of Land Bank debt as collateral after default

South Africa's central bank has temporarily prohibited the use of debt issued by the Land Bank as collateral after the state agricultural lender was downgraded deeper into junk status and missed $2.7 billion in loan repayments.




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Land Banking as Metropolitan Policy

Executive Summary
Stressed by the catastrophic mortgage foreclosure crisis and the long-run decline of older, industrial regions, communities around the country are becoming increasingly burdened with vacant and abandoned properties. In order to alleviate the pressures on national prosperity caused by these derelict properties, the federal government needs to advance policies that support regional and local land banking for the 21st century.

Land banking is the process or policy by which local governments acquire surplus properties and convert them to productive use or hold them for long term strategic public purposes. By turning vacant and abandoned properties into community assets such as affordable housing, land banking fosters greater metropolitan prosperity and strengthens broader national economic well-being.

America’s Challenge
During the mortgage crisis of the past two years, the nation has seen the number of foreclosures double, and almost 600,000 vacant, for-sale homes added to weak real estate markets. In older industrial regions, chronic economic and population losses have also led to vacancies and abandonment. When left unaddressed, these problem properties impose severe costs on neighborhoods, including reduced property values and tax revenues, increased arson and crime, and greater demands for police surveillance and response. Eight cities in Ohio, for example, were forced to bear $15 million in direct annual costs and over $49 million in cumulative lost property tax revenues due to the abandonment of approximately 25,000 properties. Such negative consequences drain community resources and prevent cities and towns—and the nation—from fully realizing productive, inclusive, and sustainable growth.

Limitations of Existing Federal Policy
The Emergency Assistance Act in the Home and Economic Recovery Act of 2008 is the first to express recognition of land banking in federal legislation, but it has several weaknesses. The act lacks clarity regarding the scope and target for the allocated funding which may hinder effective policy implementation in the short term. Moreover, as an emergency response to the immediate mortgage crisis, it does not sufficiently address the concerns of land banking in the long run. In particular, the act’s $3.92 billion does not come close to meeting the costs associated with the two million foreclosures projected by the end of 2008 and the local revenues lost from vacant and abandoned properties.

A New Federal Approach
Federal policy needs to support effective and efficient land banking. In the short term, the federal government should deploy the Emergency Assistance Act with local and regional flexibility for determining funding priorities. Over the long term, the federal government should implement a new, comprehensive federal land banking program that would:

  • Capitalize local and regional land banking by providing sufficient funding to support the several million properties in the process of foreclosure or those that are already vacant and abandoned
  • Incentivize local and state code and tax reform to ensure that land banking is not hampered by outdated rules and procedures
  • Advance regionalism by encouraging new inter-jurisdictional entities to align the scale of land banking authorities with the scale of metropolitan land issues

Downloads

Authors

  • Frank S. Alexander
      
 
 




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Switzerland Banks Balance Sheet

Banks Balance Sheet in Switzerland increased to 2124644.57 CHF Million in February from 2116896.91 CHF Million in January of 2020. Banks Balance Sheet in Switzerland averaged 1168193.85 CHF Million from 1987 until 2020, reaching an all time high of 2124644.57 CHF Million in February of 2020 and a record low of 595832 CHF Million in December of 1987. This page provides - Switzerland Banks Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Poland Banks Balance Sheet

Banks Balance Sheet in Poland increased to 2216021.10 PLN Million in March from 2149467 PLN Million in February of 2020. Banks Balance Sheet in Poland averaged 1044355.30 PLN Million from 1996 until 2020, reaching an all time high of 2216021.10 PLN Million in March of 2020 and a record low of 208191.90 PLN Million in December of 1996. This page provides the latest reported value for - Poland Banks Balance Sheet - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




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Finland Bank Lending Rate

Bank Lending Rate in Finland remained unchanged at 0.25 percent in December from 0.25 percent in November of 2019. Bank Lending Rate in Finland averaged 2.62 percent from 1995 until 2019, reaching an all time high of 7 percent in February of 1995 and a record low of 0.25 percent in April of 2018. In Finland, the bank lending rate is the average rate of interest charged on loans by commercial banks to private individuals and companies. This page provides - Finland Bank Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Switzerland Bankruptcies

Bankruptcies in Switzerland decreased to 13840 Companies and Individuals in 2019 from 13971 Companies and Individuals in 2018. Bankruptcies in Switzerland averaged 9023.78 Companies and Individuals from 1980 until 2019, reaching an all time high of 13971 Companies and Individuals in 2018 and a record low of 3040 Companies and Individuals in 1981. In Switzerland, bankruptcies account for insolvent corporations and persons who cannot repay their debts to creditors. This page provides - Switzerland Bankruptcies - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Iceland Bankruptcies

Bankruptcies in Iceland decreased to 119 Companies in March from 120 Companies in February of 2020. Bankruptcies in Iceland averaged 65 Companies from 2000 until 2020, reaching an all time high of 214 Companies in March of 2011 and a record low of 6 Companies in August of 2004. This page provides - Iceland Bankruptcies- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Iceland Banks Balance Sheet

Banks Balance Sheet in Iceland increased to 4065831 ISK Million in March from 3943862 ISK Million in February of 2020. Banks Balance Sheet in Iceland averaged 2665597.29 ISK Million from 1993 until 2020, reaching an all time high of 14896283 ISK Million in September of 2008 and a record low of 257400 ISK Million in January of 1995. This page provides - Iceland Central Bank Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Thailand Banks Balance Sheet

Banks Balance Sheet in Thailand increased to 19313454 THB Million in February from 19182326 THB Million in January of 2020. Banks Balance Sheet in Thailand averaged 17585421.37 THB Million from 2013 until 2020, reaching an all time high of 20094765 THB Million in December of 2019 and a record low of 14874369 THB Million in January of 2013. This page provides - Thailand Banks Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Finland Banks Balance Sheet

Banks Balance Sheet in Finland increased to 180857 EUR Million in February from 173284 EUR Million in January of 2020. Banks Balance Sheet in Finland averaged 63271.55 EUR Million from 1998 until 2020, reaching an all time high of 182902 EUR Million in February of 2019 and a record low of 13222 EUR Million in June of 1999. This page provides the latest reported value for - Finland Banks Balance Sheet - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




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Finland Bankruptcies

Bankruptcies in Finland increased to 772 Companies in the first quarter of 2020 from 632 Companies in the fourth quarter of 2019. Bankruptcies in Finland averaged 829.18 Companies from 1986 until 2020, reaching an all time high of 2038 Companies in the fourth quarter of 1992 and a record low of 459 Companies in the first quarter of 2017. In Finland, bankruptcies account for insolvent corporations who cannot repay their debts to creditors and carry on with their business. This page provides - Finland Bankruptcies - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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New Zealand Banks Balance Sheet

Banks Balance Sheet in New Zealand increased to 603842 NZD Million in February from 586098 NZD Million in January of 2020. Banks Balance Sheet in New Zealand averaged 414201.10 NZD Million from 2004 until 2020, reaching an all time high of 603842 NZD Million in February of 2020 and a record low of 236047 NZD Million in December of 2004. This page provides the latest reported value for - New Zealand Banks Balance Sheet - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




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Default at South Africa’s Land Bank increases pressure on Ramaphosa

Century-old agriculture lender is latest state group in need of government support




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South Africa suspends use of Land Bank debt as...

By Mfuneko ToyanaJOHANNESBURG, May 9 (Reuters) - South Africa's central bank has temporarily prohibited the use of debt issued by the Land Bank as...




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Mamata''s dept yet to prepare land bank

10 depts yet to submit amount of land they have