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Topic: Land bank


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In the News (Thu 10 Dec 09)

  
  Chapter 6 - Municipal Land Management in Asia: A Comparative Study
Land banking (purchase of land reserves) is a comprehensive long-term approach including both compulsory and non-compulsory land acquisition.
Land banking has especially been implemented in urban fringe areas where vast agricultural areas can typically be purchased at the value of current permitted land use.
Since "the record of land banking as an instrument for acquiring and operating a public monopoly of urban land supply is not one to inspire confidence, land banking as an instrument of public-private partnership in land development is definitely preferred, if it is to be used at all" (Farvaque, 1992).
www.unescap.org /huset/m_land/chapter6.htm   (4432 words)

  
 World Bank Group | Land Policy and Administration | Question & Answer on Land Issues at the World Bank
In many contexts, land has been and continues to be used as a means for distributing political favors, bureaucratic rules are designed to maximize influence rather than provide efficient outcomes, and land speculation (especially in peri-urban areas) is a major source of inequity and corruption.
The Bank has also learned that, to ensure that land projects accomplish their objectives, it is important to think of the land administration system in an integrated framework and to explicitly address the issue of sustainability, i.e.
As Bank funding cannot currently be used to purchase land (not only in the context of land reform), the Bank’s funds have been used in supporting complementary measures such as the investments associated with resettling beneficiaries, providing infrastructure, services, and land-related investments.
lnweb18.worldbank.org /ESSD/ardext.nsf/24ByDocName/QuestionAnsweronLandIssuesattheWorldBank   (2237 words)

  
 Metropolitan Organizing Strategy Enabling Strength affiliated with the Gamaliel Foundation   (Site not responding. Last check: 2007-10-19)
Land bank authorities can be established in order to address urban blight and promote redevelopment in an efficient and expedient manner.
A land bank’s purpose should be to encourage the redevelopment of the city in ways that improve the quality of life and add to the economic vitality of the city.
The land bank should hold and dispose of the tax-reverted property that the city currently owns as well as property currently becoming available through foreclosure or other means.
www.mosesmi.org /pages/landbank.shtml   (1044 words)

  
 Land Banks
To understand why it is important to have a land bank, it is necessary to assess the costly impact of vacant and abandoned land in communities.
These communities are using land banks as a tool to reuse their urban land and stimulate economic development and neighborhood revitalization.
While other cities' land bank programs, like St. Louis, have been used primarily as a fiscal tool to stimulate growth in their communities, Genesee County's land bank program has been used as a planning tool to align with their communities' long-term redevelopment plans that provide the greatest benefit.
www.umich.edu /~econdev/landbank   (1443 words)

  
 Vineyard Gazette - News
The land bank in 1987 bought 7.4 acres and 700 feet of beachfront, and then added another few hundred feet of adjacent beach two years ago.
Land bank officials described the eight-acre parcel as a collar of open land that has long surrounded a historic home.
Land bank town advisory board member Clarissa Allen of Chilmark said this week she was pleased to see the roadside fields restored and preserved.
www.mvgazette.com /news/2006/12/22/land_bank_purchase.php   (608 words)

  
 The Metropolitan Land Bank
In the case of a Land Bank, the bonds holders could only claim for repayment would be from revenues generated by the specific land or pool of sites.
Further, lands in the Bank would in some sense be committed to development; the bonds must be repaid or the bond holders would be able to claim the collateral i.e.
Land Banking does not do away with the necessity of detailed planning but merely delays and shifts the moment of commitment forward.
www.citycomforts.com /land_bank.html   (1150 words)

  
 Investment in Land - Land Bank UK   (Site not responding. Last check: 2007-10-19)
The price of land in the UK has increased in value at double the rate of property prices over the last twenty years, which is attracting the attention of investors both in the UK and internationally.
Land investment is considered a long-term investment due to the time intensive planning policies and reviews.
The land can be resold for a profit before planning is gained should you need to release the funds.
www.landbankuk.com /landinvestment.asp   (261 words)

  
 Rabo Bank - FCSA Merger Frequently Asked Questions
The role of the bank’s board in the case of mergers is to ensure that shareholders’ interests are addressed and that management’s interests are kept in check.
If members think the bank is not performing well or is sitting on a pile of cash, then they can demand that their elected directors, and through them, the hired managers, take steps to rectify the problem.
The Federal Land Bank exemption, continued to the present, represents the vast majority of earnings, estimated to be as high as 70 percent of the total.
www.econ.iastate.edu /rabobankbuyout/faq.htm   (7094 words)

  
 Cape Cod Land Bank -- Questions and Answers
Land bank funds cannot be used to develop facilities beyond the 3% permitted for "maintenance and improvements." Section 3 of the Act makes clear that passive recreation facilities can be developed on lands purchased with land bank funds, so long as they are consistent with the purposes for which the land was acquired.
Land bank funds must be used for acquisition of real property interests and associated costs.
The Act states that any land or interests in land purchased with land bank funds shall be retained in a "natural, scenic or open condition" and shall be bound by a permanent deed restriction limiting the use of the land or interest in land to the purpose for which it was acquired.
www.vsa.cape.com /~cccom/landbank/QA.htm   (1349 words)

  
 Land Bank of the Philippines - Wikipedia, the free encyclopedia
Land Bank of the Philippines, also known as Landbank or by its initials, LBP, is a bank in the Philippines owned by the Philippine government.
At that time, Landbank was established for the purposes of land reform: that is, so to speak, the purchase of agricultural estates for division and resale to small landholders and also to facilitate the purchase of land by the agricultural lessee.
Landbank was tasked to collect 15-year land amortizations from beneficiaries at the cost of the value of the land plus six percent interest per annum.
en.wikipedia.org /wiki/Land_Bank_of_the_Philippines   (776 words)

  
 Detroit Land Bank
A land bank generally involves public acquisition of abandoned property; the land is then transferred to a nonprofit third party for redevelopment.
Land banks attempt to unlock the potential value of properties and sites, with the goal of returning them to productive use.
The establishment of the land bank authority in Wayne County will be instrumental in addressing and resolving issues related to abandoned and vacant property.
www.kirwaninstitute.org /projects/detroitlandbank.htm   (308 words)

  
 Vineyard Gazette - Land Bank Turns Twenty
The land bank is many things to many people, but walking trails are its signature.
Over the years the land bank has given special consideration to properties that link into existing trail systems, and has bought easements on properties that allow trail systems to connect.
Matthew N. Dix, the land bank conservation lands foreman, said Island landowners have reacted differently to the land bank's attempts to acquire easements for new trails.
www.mvgazette.com /features/land_bank/?document=20060512_cross_island_trail   (1136 words)

  
 The Metropolitan Land Bank
In the case of a Land Bank, the bondsholders could only claim for repayment would be from revenues generatedby the specific land or pool of sites.
Further, lands in the Bank would in some sense be committed to development;the bonds must be repaid or the bond holders would be able to claim thecollateral i.e.
Land Banking does not do away with the necessity of detailed planning butmerely delays and shifts the moment of commitment forward.
www.citycomforts.com /land_bankh.html   (1078 words)

  
 Land Bank 111606
The Nantucket Islands Land Bank purchased two pieces of property late last month, adding to its portfolio of conservation space open for public enjoyment in the mid-island area and on the west end of the island.
The Land Bank already owns a lot which borders Madaket Road, and the newly-acquired lot, which is similar in size, is located just to the north.
The land was sliced off the seller’s lot and was too small to be built on, Savetsky said, but a second dwelling could have been built there, which would have been highly visible from Madaket Road.
www.ack.net /LandBank111606.html   (456 words)

  
 Bank of America | Environment | Reducing Impact | Forest Practices   (Site not responding. Last check: 2007-10-19)
Bank of America promotes sustainable practices for both the bank and its clients by managing the environmental, social and reputation impact of our financing activities.
The bank will not finance the operations unless it is determined that indigenous peoples impacted by projects in these sensitive areas, whether directly or by induced impact, have the opportunity and, if needed, culturally appropriate representation, and have access to the information to engage in informed participation.
Bank of America will not finance companies that do not have an explicit policy against the uncontrolled and/or illegal use of fire in their forestry or plantation operations.
www.bankofamerica.com /environment/index.cfm?template=env_workrel   (1169 words)

  
 Land Office Bank   (Site not responding. Last check: 2007-10-19)
In order to assist people in obtaining liquidity several colonies instituted "Land Office Banks." The bank was operated by the colony with the consent of the Governor and the Board of Trade in London.
The last colony to start a land office bank was Georgia, which produced their first issue in 1755.
Land bank issues did not produce quick profits consequently, the colonies focused on printing a significant number of emissions to be redeemed through anticipated future taxes.
www.coins.nd.edu /ColCurrency/CurrencyIntros/IntroLandOffice.html   (756 words)

  
 mvlandbank.cablynx.com
The commission’s revenue – generated by a 2% public surcharge on most real estate transfers occurring in the six towns – is modest compared to need, ensuring that islanders can expect the land bank to protect only a fraction of their community.
Farmers, hikers, beachcombers, birders, hunters and many, many others are all constituents of the land bank and all deserve to have some land set aside for their special needs.
Land bank properties are, except during the hunting season, open daily to the general public from sunrise to sundown (see “Hunting Policy and Forms”).
www.mvlandbank.com   (496 words)

  
 FMF | Cleveland's Land Bank: Catalyzing a Renaissance in Affordable Housing   (Site not responding. Last check: 2007-10-19)
The land bank is partially responsible for the success of Cleveland CDCs in new affordable housing construction, according to Rob Curry, Executive Director of the Cleveland Housing Network (CHN), a consortium of Cleveland housing CDCs.
By focusing on infill housing using land acquired from the land bank, the FRDC has constructed 203 new houses and plans to build another 100 units in the next two to three years.
Between 85 and 90 percent of the new construction is on land bank land because the FRDC cannot afford to purchase market-rate lots.
www.fanniemaefoundation.org /programs/hff/v3i1-landbank.shtml   (724 words)

  
 Eisenhower Bank's Lot-Land Loans
Land loans are available to finance the purchase of undeveloped vacant land up to 75 acres.
A written Land Appraisal Report from a qualified independent appraiser will be ordered by the Bank if the taxing authority valuation does not support the request or if the request is greater than $100,000.
The appraiser will be engaged by the Bank, the appraisal must be addressed to the Bank and be prepared by an appraiser that has been approved by the Bank.
www.enbank.com /Pages/lot_land.htm   (353 words)

  
 Hutchinson on the Land and Silver banks
His discussion of the Land and Silver Bank controversy, and the role that controversy played in Belcher being dismissed as the governor of Massachusetts, is a good overview of the episode.
The governor negatived the person chosen speaker of the house, being a director of the bank, and afterwards negatived 13 of the new elected councellors who were directors or partners in or reputed favorers of the scheme.
The news arrived of his negativing 13 counsellors and displacing a great number of officers concerned in the land bank, and his zeal and fortitude were highly applauded when it was too late.
etext.lib.virginia.edu /users/brock/LandBank.html   (1746 words)

  
 land bank - Search Results - MSN Encarta
Limited rainfall and poor soil quality restrict human activity in the West Bank.
The sharply changing business situation dominated banking trends during 1958.
The recession which began in 1957 reached its low point in April 1958 and thereafter an upward trend in output and distribution developed.
encarta.msn.com /land_bank.html   (200 words)

  
 Land Banking
Unlike the Land Bank, to which the state stopped contributing in 2002, the CPA would continue to provide towns with state funding.
However, unlike the Land Bank, the CPA requires that each town spend a minimum of 10% of the funds it receives on each of three types of programs: (1) affordable housing, (2) historic preservation, and (3) open space protection.
The types of land the Martha’s Vineyard Land Bank Commission may purchase are similar to those the Cape Cod Land Bank may acquire.
www.cga.ct.gov /2004/rpt/2004-R-0779.htm   (1023 words)

  
 Land Bank - Frequently Asked Questions   (Site not responding. Last check: 2007-10-19)
The land bank also reserves the right to accept land through private donation that is deemed necessary or beneficial to Wyandotte County 's community building efforts.
The Land Bank is divided into three types of parcels, which are determined by the Unified Government Planning and Zoning Department.
The Land Bank Manager operates the Land Bank and serves at the direction of the Land Bank Board of Trustees.
www.wycokck.org /gen/wyco_generated_pages/Land_Bank__Frequently_Asked_Questions_p173.html   (412 words)

  
 Land Bank Friday Harbor property for sale for $1 million
San Juan County Land Bank is inviting proposals from interested parties to purchase all four of its commercial-zoned lots located at the intersection of Argyle Avenue and Malcolm Street in the Town of Friday Harbor.
All four properties were acquired by the Land Bank to insure that future development would be consistent with the historic character of the neighborhood.
The Land Bank would place conservation easements on the property to restrict future uses and development that could compromise the historical and cultural integrity of the neighborhood.
www.sanjuanislander.com /county/land_bank/argyle.shtml   (2046 words)

  
 Land Policies
Land policies are at the root of social conflicts in countries as diverse as Cambodia and Colombia, Zimbabwe and Cote d'Ivoire.
Political controversies, the complexity of land issues, and the fact that benefits of policy improvements accrue to people who are politically weak all hinder reform.
Secure land tenure, especially for poor people and for women, whose land rights are very often ignored, is a key recondition for this, as is the ability to exchange land rights at low-cost.
econ.worldbank.org /prr/land_policy   (309 words)

  
 CHAPTER 293 OF THE ACTS OF 1998
There is hereby established a Cape Cod Open Space Land Acquisition Program for the purpose of acquiring land and interests in land for the protection of public drinking water supplies, open space, and conservation land, the creation of walking and bicycling trails, and the creation of recreational areas.
Any real property interest in open space purchased with land bank funds shall be retained in natural, scenic, or open condition and shall be bound by a permanent deed restriction limiting the use of the interest to the purpose for which it was acquired.
There is hereby established on the books of the commonwealth a Cape Cod Land and Aquifer Protection Fund to be administered by the secretary of environmental affairs for the purpose of provided matching grants to municipalities in Barnstable county that acquire land for open space and aquifer protection.
www.mass.gov /legis/laws/seslaw98/sl980293.htm   (1328 words)

  
 Sun.Star Cagayan de Oro - Land Bank to open Puerto branch
THE Land Bank of the Philippines will open its fifth Cagayan de Oro branch in Puerto this week, bringing its credit delivery system and other services to the city's eastern district and the adjoining towns of Misamis Oriental and Bukidnon.
Land Bank, a government financial institution, would become Puerto's only universal bank, she added.
Being the fourth largest bank in the Philippines and the largest formal credit institution in the rural areas, Mercadal said Land Bank Puerto will strive to contribute to the development of the clientele it will serve.
www.sunstar.com.ph /static/cag/2006/10/17/bus/land.bank.to.open.puerto.branch.html   (255 words)

  
 World Bank and Brazilian Land Reform
The Land Credit project, however, has the same features and objectives as the Cédula and the Land Bank, amounting to a mere change of names to maintain the World Bank's money and purposes in Brazil.
A peaceful, de-bureaucratized land reform, more coherent with new times of economic stabilization, is the language officials use to justify their adherence to the IBRD's market-based land reform policy.
It is not the market- price for land that falls in the negotiating process (considering the buyers' bargaining power), but the short supply and lack of funds that makes them buy cheaper farms, far from markets and with poor soil.
www.landaction.org /display.php?article=134   (4815 words)

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