The Primary function of the County Land Bank is to serve as a facilitator for the return of vacant, abandoned, and tax foreclosed property to productive tax paying economic uses or to beneficial public uses.
The Lorain County Land Bank was formed on May 24, 2012
Funding Sources for the Land Bank
5% of the delinquent tax collection (DRETAC) (as of February 26, 2015)
The Land Bank currently owns many vacant parcels throughout Lorain County
Residents of the Community are able to submit applications to bid on the properties to obtain them.