ALBANY – The three area
banks in the region have secured additional funds through the state attorney
general’s office.
The longest operating land bank, the Newburgh Community Land Bank, will
receive $2 million. The Kingston City Land Bank will receive $500,000
and the Sullivan County Land Bank will get $900,000.
Land banks acquire blighted homes and transform them into community assets.
The latest round of funding will be administered by Enterprise Community
Partners.
The attorney general’s office has provided over $82 million to land
banks around the state from funding it secured through settlements with
the nation’s largest banks over misconduct that contributed to the
housing crisis.
