land banks – 101 dekalb regional land bank authority

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LAND BANKS – 101 DeKalb Regional Land Bank Authority

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Page 1: LAND BANKS – 101 DeKalb Regional Land Bank Authority

LAND BANKS – 101

DeKalb Regional Land Bank Authority

Page 2: LAND BANKS – 101 DeKalb Regional Land Bank Authority

Who we are:

DeKalb Regional Land Bank Authority

Intergovernmental Agreement between: DeKalb County City of Decatur

Staff Michael Tuller, AICP – Executive Director Cassandra Webster – Program Analyst

Page 3: LAND BANKS – 101 DeKalb Regional Land Bank Authority

What is a Land Bank?A Land Bank is a quasi-governmental entity

Land Banks focus on acquiring vacant, abandoned, and tax-delinquent properties.

Page 4: LAND BANKS – 101 DeKalb Regional Land Bank Authority

Why did the DeKalb Region develop a Land Bank?

There are a large number of properties in the DeKalb region that are in a state of vacancy, abandonment, and deterioration.

These issues stem from the Great Recession of the mid-2000s and have continued slow the DeKalb region’s economic recovery and quality of life for its citizens.

Page 5: LAND BANKS – 101 DeKalb Regional Land Bank Authority

Why did the DeKalb Region develop a Land Bank?

There are a large number of properties in the DeKalb region that are in a state of vacancy, abandonment, and deterioration.

These issues stem from the Great Recession of the mid-2000s and have continued slow the DeKalb region’s economic recovery and quality of life for its citizens.

Page 6: LAND BANKS – 101 DeKalb Regional Land Bank Authority

What is the purpose of a Land Bank?Land Banks acquire these properties in order to foster the public purpose of returning the land which is non-revenue-generating, non-tax-producing status to an effective use.

This process helps to provide housing, new industry, and jobs for the citizens of the county and region.

Page 7: LAND BANKS – 101 DeKalb Regional Land Bank Authority

What is the function of a Land Bank?Land Banks acquire these properties in order to foster the public purpose of returning the land which is non-revenue-generating, non-tax-producing status to an effective use.

This process helps to provide housing, new industry, and jobs for the citizens of the county and region.

Page 8: LAND BANKS – 101 DeKalb Regional Land Bank Authority

The DeKalb Regional Land Bank Authority’s Action Plan: Phases 1 & 2

NovemberOctober December

DRLBA Executive Director presents potential properties for acquisition/disposition to the DRLBA Board of Directors during their monthly scheduled meeting for concurrence in bringing the properties into the land bank through the DeKalb County Board of Commissioners approval.

DeKalb County transfers 15 unredeemed unforeclosed properties to DRLBA for costs of officers levying fee and DRLBA gains interest in those 15 properties.

Environmental Assessments and Property Appraisals scheduled and conducted for candidate properties

DRLBA receives unrestricted funds for officers levying fee.

DRLBA initiates Foreclosing the Right of Redemption proceedings (2 month process).

DRLBA Staff advertise RFQ/RFP for contractors to perform (a) landscaping/trash removal/ property stabilization, (b) Residential Rehabilitation Developers (non-profit and for-profit), and (c) insurance agency property liability policies solicited.

Foreclosing the Right of Redemption process completed. DRLBA Staff initiates property liability policies for all the subject properties under the land bank’s direction. Quiet title proceeding would commence subsequent to Foreclosing the Right of Redemption on the respective properties.

DRLBA and development partner establish work plan to rehabilitate the property with the DRLBA stabilizing exterior of property and development partner rehabilitating interior.

PHASE 1Barment Process

PHASE 2

Page 9: LAND BANKS – 101 DeKalb Regional Land Bank Authority

Upon transfer, development partner holds responsibility and ownership of the property and becomes responsible for transfer of property to new owners based on NSP guidelines.

JanuaryDecember

Property Environmental Assessments and Appraisals completed where candidate properties are prioritized for rehabilitation initiatives based on report findings.

Properties listed on the DRLBA website for acquisition/disposition activities.

Awarded contractor(s) begin exterior property stabilization processes, including trash removal, landscaping, and property stabilization of the residential structure, as necessary.

Third-party developers (non-profit and/or for-profit) awarded properties for rehabilitation in a priority orientation. Development Agreements created and endorsed during barment process.

DRLBA upon completed rehabilitation transfers property to development partner for fees equivalent to DRLBA’s investment in the property (approximately $10-$12k).

Properties completed for rehabilitation marketed for low/moderate income residents to take possession after inspections and occupancy certificates have been processed

February

MarchDRLBA monitors activities of contractors and maintains all necessary federal reporting requirements.

The DeKalb Regional Land Bank Authority’s Action Plan: Phase 3

Page 10: LAND BANKS – 101 DeKalb Regional Land Bank Authority

Map Indicator ParcelID Address City

Deed Year

Zone CDLevying Officer

FeesTotal

Taxes Owed

Current Assessed

Value 

A16 069 02

0135827 CHRISTOPHER

LN

Lithonia2010 R100

5 (7)

$355.68$7,594.20

$118,000.00

B16 035 01

2521327 MUIRFOREST

WAY

Stone Mountain2010 RCD

5 (7)

$422.37$6,223.28

$ 26,100.00

C15 188 01

0941684 LIBERTY VLY

Decatur2010 R75

5 (7)

$478.03$7,317.03

$ 27,800.00

D15 135 04

0012271 COLUMBIA DR

Decatur2010 R75

3 (7)

$474.57$9,897.00

$ 67,520.00

E15 170 15

0112662 NORTHVIEW

AVE

Candler-McAfee2010 R75

3 (7)

$477.39$9,098.07

$ 63,100.00

F18 125 02

0201260 W RIDGE AVE

Stone Mountain2009 R75

4 (7)

$313.37$6,347.27

$ 32,800.00

G15 151 09

0852490 BRENTWOOD

RD

Decatur2010 R75 3 $445.99

$6,371.39

$ 80,500.00

H15 188 11

0191813 W AUSTIN RD

Decatur2010 R75

5 (7)

$477.22$6,811.09

$ 88,900.00

I15 198 03

0053465 JACKSON DR

Decatur2010 R75

3 (7)

$559.66$12,191.57

$ 95,300.00

J 15 043 02 093

3858 ROLLING PLConley

2010 R1003

(6)$485.08

$7,624.49

$102,900.00

K 15 137 09 022

2474 OUSLEY CTDecatur

2010 R75 3 $494.93$7,584.40

$100,800.00

L15 081 09

0011173 KEY RD

Atlanta2009 R75

3 (6)

$382.96$6,134.67

$ 47,040.00

M16 059 02

0585587 SAINT THOMAS

DR

Stone Mountain2010 RA5

5 (7)

$459.83$6,533.39

$ 27,900.00

N15 188 09

0213619 TULIP DR

Decatur2010 R75

5 (7)

$485.30$7,634.41

$102,300.00

O16 091 04

0032003 HILDA BURNS

PLACELithonia 2011 R75

5 (7)

$786.32 $8,756.40$44,640.00

Page 11: LAND BANKS – 101 DeKalb Regional Land Bank Authority
Page 12: LAND BANKS – 101 DeKalb Regional Land Bank Authority

How you can get involved: If there are any vacant or abandoned properties

in your neighborhood contact the Land Bank.

The Land Bank will investigate the property to determine whether it is a potential candidate for acquisition by the Land Bank.

The Land Bank will then provide a response to you regarding whether or not it can acquire the property at this time and provide insight into potential next steps regarding the property in question.