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Cuyahoga County Land Bank Transforming Neighborhoods Hit by Foreclosure

Article describes the Cuyahoga County Land Bank and its unique funding structure which includes penalties and fees that are collected every year by the county for delinquent property tax bills as well as an extremely successful property reclamation program (the program acquires around 100 properties a month from banks, HUD, Fannie Mae and Freddie Mac).

SOURCE: WEWS – newsnet5.com, 10/28/10

URL: http://www.newsnet5.com/dpp/money/consumer/consumer_specialist/cuyahoga-county-land-bank-transforming-neighborhoods-hit-by-foreclosure