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Georgia State Assembly gears up for new Georgia Land Bank Act
On April 13, 2011, the Georgia Assembly introduced Senate Bill 284. The legislation would strengthen the existing land bank statute to help communities in Georgia combat the problems caused by foreclosures and property abandonment.
The Georgia Land Bank Act mirrors similar land banking legislation in Michigan and Ohio. Georgia’s legislation strengthens local land banks self-financing powers and allows multiple local governments to form land banks, even school districts.
Members of the Community Progress team have worked closely with local leaders on crafting this new Georgia Land Bank Act, and we look forward to assisting our partners in Georgia in the future.