Land Bank Trust

Fund Administrator
Program Status
Program Description

Program provides eligible applicants with grants, loans and deferred loans for the costs of acquiring land or interest in land and the costs of holding and managing land to be developed as housing for low and moderate-income families

Two components:
(1) Land Bank – grants, loans or deferred loans to purchase land, which an eligible applicant can “bank” or hold the land for a period of up to two years
(2) Land Trusts – grants, loans and deferred loans for acquisition, holding and managing costs, but land must be developed right away. The land underlying the units must be held in trust

Program Type
Type of Funding
Source of Funds
General Obligation Bonds
Funding Amounts/Limits
Target Population(s)
Links to Additional Resources

Eligibility

Eligible Applicants
Eligible Project Size
Other Eligibility Guidelines

Acquisition of real property for the purpose of providing for existing and future housing needs of very low, low and moderate income families

Limited Equity Cooperatives eligible

Application

Application Timeline

Rolling

Overview of Application Process

Additional Information

Other Notes
Last Updated
June 6, 2024
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