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Posted on: November 8, 2018

Ogdensburg Land Bank Awarded Community Revitalization Initiative Funding

OGDENSBURG LAND BANK AWARDED COMMUNITY REVITILIZATION INITIATIVE FUNDING

CONTACT: Andrea L. Smith, AICP 
315.393.7150/asmith@ogdensburg.org 

Ogdensburg, NY – Attorney General Barbara D. Underwood today announced $25.9 million in new funding for all New York State land banks that work to protect homeowners and neighborhoods by acquiring blighted homes and transforming them into community assets. This latest round of funding will be administered by Enterprise Community Partners, Inc. (Enterprise). 

The Ogdensburg Land Bank Corporation will receive $600,000 through Round III Community Revitalization Initiative.  The Land Bank will work closely with the City of Ogdensburg to acquire surplus property, eliminate liabilities, and transfer properties to new qualified buyers in a manner supportive of local needs and priorities.  

The mission of the newly established Ogdensburg Land Bank Corporation is to facilitate the return of vacant, abandoned, underutilized, and tax delinquent properties in the City to productive tax-paying uses that will stabilize neighborhoods, improve the quality of life, and strengthen the local economy.  New York Land Banks are authorized pursuant to Article 16 of the New York Not-for-Profit Corporations Law.  

According to the New York Land Bank Association’s 2017 New York State Land Bank Report, land banks in New York have:
Reclaimed 1,989 properties from abandonment and blight; 
Sold 651 properties to individuals or nonprofit organizations; 
Demolished 482 unstable structures. 

Abandoned and vacant properties depress property values, discourage property ownership, and attract criminal activity. Land banks provide tools to quickly turn these properties back into assets that reinvest in the community's long-term vision for its neighborhoods. “This announcement of funding for the Ogdensburg Land Bank leverages the ongoing work the City has invested in developing a zombie property program initiative, as well as the continuing effort to provide quality housing options for City residents,” said Andrea L. Smith, AICP, Director of Planning and Development.  “We are excited about the opportunity to work with Enterprise to address the negative impacts imposed by vacancy and blight here in Ogdensburg.”

"This document was produced with support from Enterprise Community Partners through the Round III Community Revitalization Initiative.”  

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