Land banks to fund revitalization

Last week, state Attorney General Eric Schneiderman announced that up to $20 million in funding would be available over a two year period to rebuild and restore neighborhoods. The funds will be drawn from last year’s $25 billion settlement with large banks. There will be eight land banks in different areas of the state focused on rehabilitating vacant and abandoned properties. Funding from the Attorney General’s office will be awarded in two rounds, which gives the office an opportunity to support land banks next year that may not be eligible this year.

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