Land Bank

The Portage County Land Reutilization Corporation, or “land bank,” is a quasi-governmental entity created as a response to the foreclosure crisis of 2008. The land bank seeks to return blighted and vacant properties to productive use.

The land bank achieves this goal by strategically acquiring blighted properties and utilizing rehabilitation, resale, demolition, and other economic development tools to increase the value of those properties and those that surround them. Over time, the net effect of these efforts will be to improve quality of life for all residents of the county.

The land bank is funded by a variety of sources. Its primary funding comes from a set aside of penalty and interest revenue from delinquent real estate taxes (also known as “DTAC” funds).  Utilizing these funds allows the land bank to operate without cost to the county’s general revenue fund. Other funding sources include grants, sale of acquired property, and donations.

For more information, please visit the Land Bank's website.