COLUMBUS—The Ohio Senate today unanimously passed Senate Bill 112
sponsored by State Senator Matt Dolan
(R-Chagrin Falls) to update and modernize land banking in Ohio.
Ohio is the national leader for land banks across the country starting with the first established land bank in Cuyahoga County in 2008. Over the last almost fifteen years, 63 Ohio counties have established land banks as an economic development tool to restore the blighted and abandoned properties in their communities.
Senate Bill 112 makes the land bank acquisition process more efficient, protects the constitutional rights of landowners and lien holders and helps land banks keep pace with technology and industry.
“In giving new life to blighted and abandoned properties and making them productive again, we both improve Ohioans’ quality of life and expand our tax base. This notable legislation streamlines the process and provides consistency and clarity to the existing land banking and tax foreclosure law. This bill is the next step in the modernization and economic advancement of Ohio,” said Senator Dolan.
Examples of a land bank project might include rehabbing houses for disabled veterans and sober living facilities, developing properties for residential living and renting or converting vacant lots into community gardens, small parks and parking for businesses.
This legislation is a result of Dolan’s background work with the Ohio Land Bank Association on necessary changes to their current governing code section.
“I’ve had the privilege of working on legislation to establish the very first land bank in 2009 to now modernizing their process to fit today’s growing industry across the state,” said Senator Dolan.
Senate Bill 112 will now head to the Ohio House of Representatives for further consideration.