The Albany County Land Bank Corporation has determined that some office equipment is surplus and is making it available for sale in accordance with its policies. ALL SALES ARE SUBJECT TO THE APPROVAL OF THE BOARD OF DIRECTORS.
January 2025 property sales cycle is now open
December 2024 property sales cycle is now open
November 2024 property sales cycle is now open
Board of Directors meeting adjourned, rescheduled
The September 17, 2024 Board of Directors meeting is adjourned due to a lack of quorum to conduct business. It is expected that this meeting will be rescheduled for September 24, 2024.
by: Sean Maguire
Executive Director
Applications are open for 135 Ontario Street & 260 Bradford for the October Sales Cycle
October 2024 property sales cycle is now open
September 2024 property sales cycle is now open
Albany County Land Bank closes on its first Legacy City project
The Legacy City Access Program connects the Albany County Land Bank Corporation with MWBE enterprises to rehabilitate existing buildings into necessary housing.
The Albany County Land Bank, JKE Development LLC, Community Preservation Partners (CPC) and New York State Homes and Community Renewal (NYSHCR) recently closed on Albany County’s first Legacy City Access Program project. This project will result in the rehabilitation of three residential buildings located in the City of Albany.
“We are thrilled to announce this key milestone for the Legacy City Access Program here in Albany,” said Albany County Land Bank Corporation Executive Director Sean Maguire. “This step continues to advance our work to repurpose and rehabilitate these underutilized neighborhood assets and get them into the hands of new homeowners.”
“The Albany County Land Bank Corporation remains a crucial partner for community development and continues to help us revitalize neighborhoods,” said Albany County Executive McCoy. “The Legacy City Access program is the perfect example of the good being achieved, transforming underutilized properties so that individuals and families can realize the dream of home ownership.”
The project will provide essential resources to JKE Development, a minority- and women-owned business enterprise (MWBE), to facilitate the rehabilitation of three two-family buildings in Albany. Upon completion, these homes will be made available to income-qualified first-time homebuyers at an affordable price.
“We are excited to partner on the Legacy City Access Program project,” said Jermaine White of JAW Housing. “By transforming these properties, we are providing affordable housing for first-time homebuyers and contributing to the growth of the Albany community. Our collaboration, combined with our extensive portfolio, underscores our ongoing commitment to neighborhood revitalization.”
The project includes the following:
185 Second Street. Each unit includes three bedrooms and one bathroom; laundry facilities are included in both units.
26 Beverly Street. Each unit includes two bedrooms and one bathroom; laundry facilities are included in both units.
382 First Street. Each unit includes two bedrooms and one bathroom; laundry facilities are included in both units.
CPC, a State-wide Community Development Financial institution (CDFI) is providing the loan for this project and NYSHCR is providing $150,000 per unit of subsidy for this project which will total more than $1.2 million of critical investment into two of Albany’s great neighborhoods.
If you or somebody you know are interested in becoming a first-time homebuyer and purchasing one of these homes, Affordable Housing Partnership (AHP) has been tasked with getting first-time homebuyers buyer-ready by providing first-time homebuyer counseling, qualifying buyers for grants, and connecting buyers with mortgage providers. You can find more information on their programs on its website.
Furthermore, the Albany County Land Bank is committed to supporting buyers by connecting them with additional resources. Qualified buyers can apply through our first-time homebuyer program on the Albany County Land Bank website.
August 2024 property sales cycle is now open
The August 2024 property sales cycle is now open. It is the policy of the Land Bank that all prospective buyers are required to physically view buildings prior to making a purchase offer. To book a showing with us, please book an appointment below.
We encourage applicants to find a realtor who is able to assist them in accessing properties outside our availability. Please note, the submission of your application will prompt it to move forward through our process within 90 days.
Important information about property sales
The August 2024 property sales list is listed below. Purchase applications for the properties listed must be submitted digitally (via email to applications@albanycountylandbank.org) or USPS:
Albany County Land Bank Corporation
111 Washington Avenue, Suite 100
Albany, New York 12210
Applicants are strongly recommended to submit applications via email. In order to be considered, all purchase applications submitted by email must be received NO LATER THAN TUESDAY, JULY 30, 2024 BY 2:00 PM. Applicants are strongly encouraged to submit applications digitally via email. It is the sole responsibility of the applicant to ensure applications are received by the submission deadline. The Land Bank is not responsible for any applications that are not received due to delayed mail delivery or technical issues related to fax or email submission. Applicants may contact the Land Bank’s office at (518) 407-0309 to confirm receipt of an application.
All applications must be submitted as a fully legible .pdf and if handwritten, must be a scanned original photocopy sent through email. If submitting your application by mail, the original copy of the application is required. Failure to abide by these requirements may result in the rejection of your application.
August Property Sales List!
Applications for all of the following properties are due no later than Tuesday, July 30, 2024 by 2:00 pm
Please Note: Eligible vacant lots for the Lots for Less Program are accepted on a rolling basis. For a list of eligible Lots for Less properties and additional eligibility requirements, please visit www.albanycountylandbank.org/lotsforless.
Available Buildings
Available Land
Albany County Land Bank, SEAT Center, YouthBuild Albany, and MLB Construction raise the walls on its first project in Albany
Today, the Albany County Land Bank Corporation (ACLB), Social Enterprise and Training Center (SEAT), and YouthBuild Albany, with support from MLB Construction, celebrated a milestone by raising the walls for their inaugural project at 360 Sheridan Avenue in Albany. This event marks a pivotal advancement in affordable housing construction, spearheaded by a groundbreaking partnership.
“The dream of homeownership should be in reach for anyone who desires it,” said Charles Touhey, Chair of the ACLB Board of Directors. “This innovative partnership is advancing a vision into a solution that weaves together so many key elements that puts this dream into reach – from community development to workforce development; from land availability to housing affordability.”
“Last year, we were here with our partners to break ground on this community development effort that brings a new home to this historic neighborhood in a new way,” said Sean Maguire, ACLB Executive Director. “Today, we raised the walls on this new home that is unlike any other in Albany – built through this innovative partnership where the partners have committed property, affordable financing, workforce development, and industry mentorship and support.”
This new, affordable home prototype is being constructed on a small lot owned by the Albany County Land Bank. At 25 feet wide and 90 feet deep, it is smaller than typical buildable lots, however lots like this one are not uncommon in the historic neighborhoods of Albany County. Smaller lots are not uncommon for Albany County Land Bank which acquires them through tax-foreclosure to rehabilitate for new, productive uses. MLB Construction built the walls for this new home off-site, delivered them, and placed them on the new foundation. The SEAT Center’s YouthBuild Albany program is assembling the home and providing on-the-job workforce development training. Home HeadQuarters, Inc. has made a commitment to finance the future buyer.
“Through our initiative, young people are not only rebuilding their community but also building their futures,” said Jennifer Lawrence, SEAT Center Founder and CEO. “This project is an essential part of their training experience, providing them with valuable skills while creating an affordable home for a family."
“To be able to work with SEAT’s Youth Build team is a dream come true for myself and MLB,” said Jim Dawsey, MLB President. “To give these hard-working young people the opportunity to learn our trade in a hands-on situation is what I have always worked for in my 50 years in the construction field. Our relationship with SEAT and Jennifer Lawrence, and our new relationship with Charles Touhey and the Land Bank, will keep the neighborhood of Albany's’ South end growing and vibrant.”
“We’re excited for the opportunity to be able to provide guidance and experience to SEAT’s Youth Build team,” said Damien Pinto-Martin, VP of MLB Development. “The construction industry at large is in dire need of additional manpower and this program is crucial to creating safe, capable, and motivated future craftsmen and women. In addition, this project and others like it, provide a path to affordable homeownership not otherwise available through conventional construction. This program is truly a win-win and is one to be supported and cherished.”
The new prototype home will be a two-story single-family home that consists of three bedrooms and one full bathroom. At approximately 1,190 square feet, the 14-foot wide and 48-foot-deep home is designed to fit on smaller, narrower vacant lots while still providing adequate living space, functionality, and constructability. Upon completion, the home will be sold to a first-time homebuyer at an affordable price.
July 2024 property sales cycle is now open
The July 2024 property sales cycle is now open. It is the policy of the Land Bank that all prospective buyers are required to physically view buildings prior to making a purchase offer. To book a showing with us, please book an appointment below.
We encourage applicants to find a realtor who is able to assist them in accessing properties outside our availability. Please note, the submission of your application will prompt it to move forward through our process within 90 days.
Important information about property sales
The July 2024 property sales list is listed below. Purchase applications for the properties listed must be submitted digitally (via email to applications@albanycountylandbank.org) or USPS:
Albany County Land Bank Corporation
111 Washington Avenue, Suite 100
Albany, New York 12210
Applicants are strongly recommended to submit applications via email. In order to be considered, all purchase applications submitted by email must be received NO LATER THAN TUESDAY, JUNE 25, 2024 BY 2:00 PM. Applicants are strongly encouraged to submit applications digitally via email. It is the sole responsibility of the applicant to ensure applications are received by the submission deadline. The Land Bank is not responsible for any applications that are not received due to delayed mail delivery or technical issues related to fax or email submission. Applicants may contact the Land Bank’s office at (518) 407-0309 to confirm receipt of an application.
All applications must be submitted as a fully legible .pdf and if handwritten, must be a scanned original photocopy sent through email. If submitting your application by mail, the original copy of the application is required. Failure to abide by these requirements may result in the rejection of your application.
July Property Sales List!
Applications for all of the following properties are due no later than Tuesday, June 25, 2024 by 2:00 pm
Please Note: Eligible vacant lots for the Lots for Less Program are accepted on a rolling basis. For a list of eligible Lots for Less properties and additional eligibility requirements, please visit www.albanycountylandbank.org/lotsforless.
Available Buildings
36 Beverly Avenue
50 Second Avenue*
48 Second Avenue*
*-Only available through ACLB’s first-time homebuyer program.
Available Land
11 Lexington Avenue (25’x75’)
307 Third Street (22’x130’)
31 Ontario Street (25’x110’)
540 Clinton Avenue (24’x113’)
311 First Street (28’x114’)
110 Alexander Street (25’x50’)
585 Third Street (30’x133’)
1336 7th Avenue (45’x100’)
Office closed for Memorial Day
Our office will be closed on Monday, May 27, 2024 in observance of Memorial Day. We remember and honor those that served and sacrificed for our liberty and freedom.
Open House Dates for 48 & 50 Second Avenue Have Been Scheduled!
Open houses for 48 Second Avenue and 50 Second Avenue have been scheduled for:
Saturday, May 18th
Saturday, June 8th
Sunday, June 16th.
You can sign up for a personal showing of both properties on Thursdays and Fridays throughout June at www.albanycountylandbank.org/bookanappointment.
The deadline for the first-time homebuyer program is rolling but applications must be completed by June 25, 2024 at 2:00pm to be eligible for the housing lottery for these two properties.
Call us at (518) 407-0309 for additional questions.
June 2024 property sales cycle is now open
The June 2024 property sales cycle is now open. It is the policy of the Land Bank that all prospective buyers are required to physically view buildings prior to making a purchase offer. To book a showing with us, please book an appointment below.
We encourage applicants to find a realtor who is able to assist them in accessing properties outside our availability. Please note, the submission of your application will prompt it to move forward through our process within 90 days.
Important information about property sales
The June 2024 property sales list is listed below. Purchase applications for the properties listed must be submitted digitally (via email to applications@albanycountylandbank.org) or USPS:
Albany County Land Bank Corporation
111 Washington Avenue, Suite 100
Albany, New York 12210
Applicants are strongly recommended to submit applications via email. In order to be considered, all purchase applications submitted by email must be received NO LATER THAN TUESDAY, MAY 28, 2024 BY 2:00 PM. Applicants are strongly encouraged to submit applications digitally via email. It is the sole responsibility of the applicant to ensure applications are received by the submission deadline. The Land Bank is not responsible for any applications that are not received due to delayed mail delivery or technical issues related to fax or email submission. Applicants may contact the Land Bank’s office at (518) 407-0309 to confirm receipt of an application.
All applications must be submitted as a fully legible .pdf and if handwritten, must be a scanned original photocopy sent through email. If submitting your application by mail, the original copy of the application is required. Failure to abide by these requirements may result in the rejection of your application.
June Property Sales List!
Applications for all of the following properties are due no later than Tuesday, MAY 28, 2024 by 2:00 pm
Please Note: Eligible vacant lots for the Lots for Less Program are accepted on a rolling basis. For a list of eligible Lots for Less properties and additional eligibility requirements, please visit www.albanycountylandbank.org/lotsforless.
Available Buildings
147 Melrose Avenue
318 Sherman Street
Available Land
1A Admiral Street (19’x150’)
15A Jones Drive (30’x126’)
402 Madison Avenue (22’x72’)
311 First Street (28’x114’)
585 Third St (30’x133’)
793 Livingston Ave (25’x110’)
172 Orange St (21’x99’)
22 Albany Street (22’x75’)
May 2024 property sales cycle is now open
The May 2024 property sales cycle is now open. It is the policy of the Land Bank that all prospective buyers are required to physically view buildings prior to making a purchase offer. To book a showing with us, please visit
https://www.albanycountylandbank.org/bookanappointment
We encourage applicants to find a realtor who is able to assist them in accessing properties outside our availability. Please note, the submission of your application will prompt it to move forward through our process within 90 days.
Important information about property sales
The May 2024 property sales list is listed below. Purchase applications for the properties listed must be submitted digitally (via email to applications@albanycountylandbank.org) or USPS:
Albany County Land Bank Corporation
111 Washington Avenue, Suite 100
Albany, New York 12210
Applicants are strongly recommended to submit applications via email. In order to be considered, all purchase applications submitted by email must be received NO LATER THAN TUESDAY, April 30, 2024 BY 2:00 PM. Applicants are strongly encouraged to submit applications digitally via email. It is the sole responsibility of the applicant to ensure applications are received by the submission deadline. The Land Bank is not responsible for any applications that are not received due to delayed mail delivery or technical issues related to fax or email submission. Applicants may contact the Land Bank’s office at (518) 407-0309 to confirm receipt of an application.
All applications must be submitted as a fully legible .pdf and if handwritten, must be a scanned original photocopy sent through email. If submitting your application by mail, the original copy of the application is required. Failure to abide by these requirements may result in the rejection of your application.
May Property Sales List!
Applications for all of the following properties are due no later than Tuesday, APRIL 30, 2024 by 2:00 pm
Please Note: Eligible vacant lots for the Lots for Less Program are accepted on a rolling basis. For a list of eligible Lots for Less properties and additional eligibility requirements, please visit www.albanycountylandbank.org/lotsforless.
Available Buildings
(Click the address to view property details)
Available Land
(Click the address to view property details)
Request for Proposals: Abatement & Demolition Services
Albany County Land Bank Corporation names Sean M. Maguire, AICP CEcD as Executive Director
The Albany County Land Bank Corporation is pleased to announce that Sean M. Maguire, AICP CEcD has been named its next Executive Director. Maguire brings over 20 years of experience in urban planning, economic development, and community revitalization to the role. He was selected by the Board of Directors after conducting a comprehensive search.
"We are thrilled to have Sean join us to lead the Albany County Land Bank," said Charles Touhey, Chair of the Board of Directors. "His extensive background in planning, community and economic development, and creating public-private partnerships will be invaluable as we continue our work to revitalize vacant and abandoned properties across Albany County."
Maguire most recently served as Director of Planning and Economic Development for the Town of Colonie, where he oversaw the administration of its comprehensive plan, site plan and subdivision review, long-range planning efforts, and implemented strategic initiatives to spur economic growth. He recently led Colonie to a NYS Climate Smart Communities Bronze designation, an eighth year as a Tree City USA with the Arbor Day Foundation, and to become an Accredited Economic Development Organization with the International Economic Development Council. Prior to that, he served as Vice President at SUNY Schenectady Community College and as Director of Economic Development at the Capital District Regional Planning Commission.
Sean M. Maguire/Photo by Brian Jones
"I'm honored and excited for this opportunity to lead the Albany County Land Bank in its vital mission," said Maguire. "I’ve often imagined what we could do with these important assets to build better communities. By repurposing vacant and abandoned properties, we can continue to build stronger, more vibrant communities across our county."
A certified planner (AICP) and economic development professional (CEcD), Maguire holds Master's degrees in Urban and Regional Planning and Public Administration from the University at Albany. He has experience teaching community and economic development courses for the University at Albany and University of Oklahoma. He is President of the New York Upstate Chapter of the American Planning Association and an active member of the International Economic Development Council.
The Albany County Land Bank Corporation works to acquire vacant, abandoned, and taxdelinquent properties to eliminate blight and promote housing affordability and economic growth. Since its founding in 2014, the Land Bank has returned more than 1,000 properties to tax rolls and generated $38.1 million in private investment as a result.
Albany County Land Bank and partners break ground on innovative new partnership and affordable home prototype
The Albany County Land Bank, Social Enterprise and Training (SEAT) Center, YouthBuild Albany, and Home HeadQuarters, Inc. were joined by elected officials, community leaders, neighborhood residents and YouthBuild Albany participants today to break ground on a new, small footprint affordable home prototype. Today’s groundbreaking celebrates the first project to emerge from a new partnership between the Albany County Land Bank, SEAT Center and Home HeadQuarters, Inc. and marks the first construction project undertaken by SEAT Center YouthBuild Albany and the first new construction home to be built by the Land Bank.
The prototype home will be constructed at 360 Sheridan Avenue in the City of Albany on a vacant lot provided by the Land Bank. The lot is 25 feet wide and 90 feet deep, which is smaller than most typical buildable lots in the city. These smaller-sized lots are located throughout the city of Albany and other municipalities in Albany County and represent a considerable proportion of the vacant lots that the Land Bank acquires through tax-foreclosure. The new prototype home will be a two-story single-family home that consists of three bedrooms and one full bathroom. At approximately 1,190 square feet, the 14-foot wide and 48-foot-deep home is designed to fit on smaller, narrower vacant lots while still providing adequate living space, functionality, and constructability. Upon completion, the home will be sold to a first-time homebuyer at an affordable price.
“This new partnership will enable us to transform often overlooked vacant lots into affordable homes to help revitalize our communities while providing an opportunity for young adults to build skills that will last a lifetime,” said Adam Zaranko, Executive Director of the Albany County Land Bank. “Thank you to the SEAT Center and Home HeadQuarters for helping us deliver this new, innovative approach to reclaiming vacant properties and creating more affordable homeownership opportunities. By working together we’re building more than just a home; we’re building new opportunities and a better future.”
“While young people from the city of Albany are transforming their lives, they are also transforming their community,” said SEAT Center Founder/CEO Jennifer Lawrence. Thanks to this partnership with Albany County Land Bank, SEAT Center will work with young people, ages 18-24, in the city of Albany, teach construction skills through building a new home from the ground up, while teaching academics that lead to a high school equivalency diploma. At SEAT Center, we believe in the power of young people to create the change that they want to see, through providing them with access, opportunity, and resources to realize their full potential.”
“Home HeadQuarters is proud to be a part of this innovative and impactful community partnership with the Albany County Land Bank and the SEAT Center,” said Home HeadQuarters’ Chief Executive Officer Kerry Quaglia.“We’re honored to make the needed construction and development investment to get this first home off the ground, and even more excited to provide the first mortgage financing for the first-time homebuyer. We look forward to many more homes to come.”
The SEAT Center will build the new home as part of their YouthBuild program. The SEAT Center is a non-profit organization that connects underrepresented young people to meaningful work through an array of programs and services, including YouthBuild. YouthBuild is a program that helps transform the lives of young people through training, community service, and sustainable wage jobs. The program is designed to help those without a high school degree obtain their GED all while learning useful skills that will benefit them throughout their lives. There are 275+ YouthBuild programs operating in the United States and the SEAT Center is re-establishing the program in Albany, New York. Through this partnership, YouthBuild students will have an opportunity to participate in a construction project to revitalize their community and learn valuable hand-on construction skills while creating a new, affordable home for a first-time home buyer.
Construction financing and the first-time homebuyer mortgage will be provided by Home HeadQuarters, Inc. a nonprofit Community Development Financial Institution (CDFI) that invests in people, properties, and projects that are underserved by traditional financial institutions. Home HeadQuarters has provided over $1 million in acquisition and rehab financing to families and individuals that have purchased property from Albany County Land Bank.
"Through the power of partnership and community-driven innovation, we're paving the way for a brighter future in Albany County. The Urban Infill Affordable Homeownership Pilot Project exemplifies the Albany County Land Bank's commitment to transforming neglected spaces into vibrant homes, fostering skill development among our YouthBuild participants, and ultimately, bringing affordable homeownership dreams to life,” said Assemblymember Patricia Fahy. “This prototype project is a model for not just constructing houses, but creating a strong foundation for equitable growth, revitalization, and a stronger sense of belonging. This project is a testament to the boundless potential of collaboration and the lasting impact it can have on our neighborhoods."
“For many years the Albany County Land Bank has been an essential resource to revitalize and strengthen our communities for future generations, and I applaud this partnership as the latest example,” said Assemblymember John T. McDonald III, RPh. “This partnership between Albany County Land Bank, the SEAT Center and Home HeadQuarters, Inc. will work toward the goal of creating affordable homeownership opportunities, while also teaching YouthBuild students a trade that will guide them on the path to finding meaningful work. I look forward to watching this project come to fruition!”
“We continue to face an affordable housing crisis here and across the state, and we need innovative solutions to help those struggling to make ends meet. I’m thrilled to see that we’re taking another positive step forward with the groundbreaking of this small footprint affordable home prototype,” said Albany County Executive Daniel P. McCoy. “This new partnership spearheaded by the Albany County Land Bank is a desperately needed investment in our minority neighborhoods by helping individuals build capital through homeownership, which ultimately helps stabilize the surrounding community.”
“The intention behind this project is to breathe new life into neighborhoods that have experienced unfortunate systemic discrimination; by arbitrarily categorizing family homes as “redlined” housing. This practice of racial discrimination in housing has negatively impacted already distressed neighborhoods for generations,” said Albany County Legislature Chairman Andrew Joyce. “There is a pressing need for reinvigoration efforts in these areas that are in a significant state of deterioration. Albany County is dependent on affordable development and creating opportunities that make the city and surrounding area accessible to younger generations and newcomers. Redevelopment projects like this one on Sheridan Avenue demonstrate the unwavering dedication of our community to reclaim Albany’s innovative, impartial, and flourishing culture. Thank you to The Albany County Land Bank, Social Enterprise and Training Center and Home HeadQuarters for creating opportunities of growth through refurbishing current properties into affordable housing.”
"Hundreds of new units of housing continue to be built in Albany each year however we know that the supply is struggling to keep up with the demand, which is why I am so grateful that the Albany County Land Bank continues to create new affordable homes like this one,” said Albany Mayor Kathy Sheehan. “This new home will not only provide a first-time home buyer housing, but it also is an opportunity for young people in our community to play a part in its construction. Albany has very little undeveloped space and building small footprint, in-fill homes is yet another example of how our partners are thinking outside the box to ensure we create even more housing for those living in Albany and looking to move here. We are excited to see this project come to fruition and compliment the additional units of affordable housing the Albany County Land Bank and City of Albany are partnering to build across our Arbor Hill, West Hill, and South End neighborhoods."
Informed by the prototype, the partnership will continue to refine the design and work together to secure state and federal affordable housing funds to scale the initiative and unlock the potential of smaller vacant lots, filling in the “missing teeth” of a block and transforming overgrown, abandoned lots into new, quality and climate friendly affordable homes. The new partnership will create more opportunities for YouthBuild participants and graduates, decrease the number of vacant properties plaguing communities, increasing the housing supply to catalyze neighborhood revitalization and help combat the growing affordability crisis.
Albany County Land Bank awarded $1.8 million grant
The State of New York has awarded the Albany County Land Bank a $1.8 million grant to revitalize communities in Albany County. The funding is provided through the State’s Land Bank Initiative and will support the Land Bank’s efforts to transform vacant properties into affordable housing and eliminate blighted structures to improve the quality of life in communities that have experienced disinvestment.
“This award will enable us to address some of the most challenging vacant and abandoned properties in our communities and transform them into new opportunities for affordable housing,” said Adam Zaranko, Executive Director of the Albany County Land Bank Corporation. “We thank Governor Hochul, the State Legislature, New York State Homes and Community Renewal, our colleagues at the New York Land Bank Association, Albany County, and all of our partners for working to secure state funding for land banks so we can continue to revitalize our communities.”
The grants were awarded on a competitive basis through a Request for Applications issued by New York State Homes and Community Renewal under New York’s Land Bank Initiative. The award provides capital funding for building stabilization, demolition, and pre-development expenses. The Albany County Land Bank’s award was among those announced today by Governor Kathy Hochul.
“New York’s Land Bank Initiative has already allowed us to preserve, restore, and revitalize rundown properties across the state, and we are excited to be extending the opportunity this year,” Governor Hochul said. “This program will empower local nonprofits – the people that know their communities best – to help increase homeownership while repairing the fabric of their neighborhoods.”
"As a former Mayor I understand the challenges that localities face when working to address blighted properties, said Assemblymember John T. McDonald III, RPh. “That is why as an Assemblymember I lead the effort each year to include Land Bank funding in the NYS Budget. Thank you to our legislative leaders, my colleagues, and the Governor for continuing to support our land banks and for understanding that they are integral to revitalizing our neighborhoods and increasing home ownership opportunities. In addition, thank you to the Albany County Land Bank and the other land banks around the state who work day to day to transform our communities."
“This is grant is wonderful news as the Albany County Land Bank continues to play a critical role in creating affordable homes, addressing blight, raising property values and rebuilding our communities,” said Albany County Executive Daniel P. McCoy. “Albany County is proud to have already invested nearly $4 million in our land bank since it was created in 2014. During these nine years, the Albany County Land Bank has helped us to revitalize entire neighborhoods. Thank you, Governor Hochul, for realizing how important the mission of our land bank is and making an investment for its continued success.”
New York’s land banks were established in 2012 with passage of the New York State Land Bank Act. Land banks are local public authorities designed to acquire, stabilize, assemble, and facilitate the redevelopment of vacant and abandoned properties to return them back to productive use.