Land Banks have been around since the 1970's. The City of Toledo land bank was created in 1989 - but, unfortunately, it lacks the dedicated funding needed to return blighted properties back into productive use.
However, a new approach has been developed to address the problems associated with vacant and abandoned homes.
The Lucas County Land Bank is modeled after the award-winning program begun in Genesee County (Flint), Michigan. After the formation of the Genesee County Land Bank in 2002, Flint began to see tangible benefits right away. Flint demonstrated that land banking can assist the private and public sectors in the creation of new wealth in a once-devastated community.
Initially, the Ohio Legislature provided Cuyahoga County the authority to create a county land bank, and the Cuyahoga Land Bank was launched in July 2009. Following passage in early 2010 of House Bill 313, land banking authority was extended to all Ohio counties with populations greater than 60,000 roughly half of all Ohio counties. Land banking authority has subsequently been extended to every Ohio county that desires to incorporate such an entity.
Having learned a tremendous amount from the experiences and efforts of the Cuyahoga Land Bank and its initial operations, in August 2010, Lucas County became the second county in Ohio to create an LRC.