Georgia Association of Land Bank Authorities
The Georgia Association of Land Bank Authorities provides education and updated legislation information to Land Bank Authorities throughout Georgia. GALBA encourages communities involvement with local and regional Land Banks.
What is a Land Bank?
A land bank is a public authority created to hold, manage, and develop tax delinquent, vacant, and dilapidated and other properties.-foreclosed property. Land banks act as a legal and financial mechanism to transform vacant, abandoned, and tax-foreclosed property back to a productive use. In addition, a land bank is a powerful locational incentive that, which encourages redevelopment in distressed, blighted communities that generally have little available land.
Georgia Land Bank Act
Since 1991 Georgia Land Banks have been tackling vacancy and abandonment in an increasing number of communities. Georgia Land Banks are created by local governments and have special powers that help them achieve the ability to acquire tax delinquent properties and remove blight.
