The Lancaster County Land Bank Authority (LCLBA) is governed by a seven (7) member board.
The LCLBA is staffed by the Lancaster County Housing and Redevelopment Authority.
The LCLBA does not have the power of eminent domain.
The LCLBA has the ability:
- acquire tax delinquent property at a judicial sale without competitive bidding
- discharge tax liens
- hold property tax-free
- share up to 50% of the real property taxes for 5 years after conveyance of land-bank owned property
- file an expedited quiet title action and consolidate multiple properties into a single complaint to quiet title
- convey properties without a redevelopment agreement.
The LCLBA will provide an up-to-date inventory of property owned or held, and a record of all properties conveyed to other parties within the prior and current year.
The LCLBA has the ability to acquire, develop, and convey real estate, issue bonds, enter into contracts, and receive grant and loan funding.