Government institution
69 State Street, 8th Floor
518.407.0309
The Albany County Land Bank's mission is to:
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Facilitate the process of acquiring, improving & redistributing vacant properties
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Eliminate the harms & liabilities caused by such properties
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Return properties to productive use
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Remain consistent with the municipality’s redevelopment and comprehensive plans
The Land Bank acquires tax-foreclosed, vacant, or abandoned properties throughout Albany County and disposes of them to responsible buyers through an application process that includes multi-layered review. All property sales are approved by the Land Bank’s Board of Directors. Properties purchased from the Land Bank typically require rehabilitation which is the responsibility of the buyer. As part of the Land Bank’s property purchase application, buyers are required to provide a scope of work, proposed budget, and rehabilitation timeline. Land Bank staff reviews these aspects of the application to ensure that the Buyer has a fundamental understanding of the level of rehabilitation, time frame and associated costs needed to rehabilitate vacant and abandoned properties in order to increase the likelihood of a successful outcome for the Land Bank’s mission, the buyer, and the community.
About the Albany County Land Bank Corporation:
The Albany County Land Bank was established in 2014 by Albany County to facilitate the process of acquiring, improving, and redistributing tax-foreclosed, vacant or abandoned properties. The Land Bank is a nonprofit organization committed to revitalizing neighborhoods and strengthening communities throughout Albany County. The Land Bank uses funding from the Office of the New York State Attorney General, Enterprise Community Partners, Inc., and Albany County to support property demolitions, acquisitions, stabilizations, lot improvements, and rehabilitation projects. The Albany County Land Bank works in partnership with state and local government, non-profits, residents, community groups, and responsible developers and investors to return properties to productive use and support community development.
