Albany County Land Bank Corporation
Facilitate the process of acquiring, improving & redistributing vacant properties
Eliminate the harms & liabilities caused by such properties
Return properties to productive use
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 in order to increase the likelihood of a successful outcome for the Land Bank, the buyer, and the community.