Purchasing Property from the Albany County Land Bank
If you are interested in purchasing a property from the Land Bank, you must first schedule a viewing with our office. Prior to your showing, a signed waiver must be returned to our office. All applicants must submit a Property Purchase Application to be considered by the Land Bank’s Board of Directors. Applications are due on the first Tuesday of every month.
Complete applications undergo a multi-level review process. First, ACLB staff certifies that all information provided in the application is accurate. On the second Tuesday of every month, the Acquisition & Disposition Subcommittee of the Board of Directors review applications for viability and makes a sales recommendation to the full Board. On the third Tuesday of every month the full Board of Directors meets and makes a determination on the applications recommended for sale.
All applicants will be informed of the Board’s decision no later than the Friday following the board meeting. If your application is selected, you will be contacted by the Land Bank’s attorney with information regarding closing. If your application was not selected, the Land Bank staff and board encourages you to continue working with the Land Bank to find a property suited for your needs.