Newark, NJ brings property ownership within reach through the state's first Land Bank

Newark, NJ Property Ownership Within Reach Land Bank

Complete

The Newark Land Bank connects interested parties with blighted, abandoned, and donated lots. The bank's website includes instructional videos and a property search tool. City officials partnered with a local property services company to maintain lots prior to closing. This initiative offers a path to homeownership for Section 8 benefit recipients via housing vouchers. Renters of foreclosed properties are offered the chance to purchase their homes through the Buy Back scheme.

Affordable Housing Low-income Housing Economic Development

Newark, NJ

Municipality in New Jersey

United States

Links

Land Bank | Invest Newark

Newsworthy

News: MAYOR BARAKA AND INVEST NEWARK ANNOUNCE LAUNCH OF STATE’S FIRST LAND BANK TO REVIVE AND PROVIDE EQUITABLE OPPORTUNITY TO CITY’S ABANDONED PROPERTIES

Official Page of Newark, NJ News: MAYOR BARAKA AND INVEST NEWARK ANNOUNCE LAUNCH OF STATE’S FIRST LAND BANK TO REVIVE AND PROVIDE EQUITABLE OPPORTUNITY TO CITY’S ABANDONED PROPERTIES

More from Newark

Newark, NJ launched a website designed to help residents locate affordable housing options

Newark, NJ launched a guaranteed income pilot program to help with COVID-19 economic recovery

Related Projects

Cincinnati, OH to repurpose vacant downtown office buildings into residential units

Atlanta, GA converts shipping containers into affordable housing

🚫 To join the discussion, sign up. It's free!

← View all projects by Newark