The Wilmington Neighborhood Conservancy Land Bank was created to address vacant property issues in the City of Wilmington, and is dedicated to the productive and adaptive re-use of problem parcels. The function of the land bank is to unify funding for revitalization projects in Wilmington, and to provide overarching support to invest in strategic issues in Wilmington’s communities.
The Wilmington Conservancy Land Bank is 1 of 120 land banks operating nationally. Land banks work to strengthen neighborhoods by acquiring and converting tax-foreclose properties into productive use; developing strategies that directly support the implementation of local land use goals and meet community needs, engaging residents and their community stakeholders, and collaborating across the public private and non-profit sectors to address problem properties. Land banks are often designed and empowered specifically by legislation to address an inventory of problem properties the private market has discarded, and convert them into assets that advance community-based goals.
“I believe the Land Bank can become an important tool in addressing vacant and problem parcels within the communities we serve”, Stated INF Executive Director Timothy Crawl-Bey. “It will be critically important that the Land Bank not only acquires property(s) but also has adequate resources to demolish and/or maintain properties as well. Working effectively in coordination with neighborhood based organizations like INF, the Land Bank should help promote more strategic thinking in how we can go about the redevelopment of properties in our neighborhoods. I look forward to its implementation and the coordination of its activities in the neighborhoods that INF serves.”