Cook County Land Bank Authority, Sec. 103

Jurisdiction Name: Cook County
State/Province: IL
Country: United States
Type of Government: Municipality/County
Population: 5,194,675
Population Range: 1 million or more
Policy Links: WebPDF
Policy type: ordinance
Year: 2013
GFC Topic: community food security
Keywords: agriculture, community garden, development, economic development, economic vitality, farmland preservation, food access, food distribution, food infrastructure, food processing, food production, food security, food system, land, land development, land use, local food, low-income, public funds, tax, underserved, urban agriculture, vacant property
Adopting Government Department(s):

Cook County Board of Commissioners, South Suburban Mayors & Managers Assn.

Lead Implementing Entity(s): Cook County Land Bank Authority, South Suburban Land Bank Development Authority
Support Entity(s):

State of Illinois, Cook County

Funding Amount: $20,000,000+
Funding Sources: State of Illinois, Cook County, Private Bank, many other sources
Policy Outcome(s):

In Cook County, there are 214,000 housing units vacant.  The new land bank will work to acquire properties, manage them, and return them to productive use. Land banking is a flexible tool that can be shaped to meet the needs of each participating community. In stronger market areas, land banks can facilitate immediate housing development or redevelopment, or commercial or industrial growth by speeding the transfer of vacant property to new owners, collaborating with individuals and organizations to renovate viable properties and assembling larger sites for private redevelopment. In harder hit communities, land banks provide a degree of stability that plants the seeds for economic revitalization in the near- or mid-term. In the hardest hit communities, land banks implement strategies that stop the downward spiral that, if left unchecked, would leave them decimated for generations. In such communities, demolition of nuisance properties may be the best short-term strategy, eliminating properties that drag down property values and promote blight. When the most troubled buildings have been cleared, the land can be used for new safe play areas or expanded side- or backyards. Cleared land also provides opportunities for urban agriculture and community-based food system practitioners to secure the access to land that is so essential to nurturing local food systems. Targeted demolition has proven to be an essential part of neighborhood stabilization efforts and lays the foundation for revitalization.

Additional Resources and Information: Link 1