land bank

noun

Definition of land bank

: a bank that provides financing for land development and for farm mortgages

Examples of land bank in a Sentence

Recent Examples on the Web The land bank raises capital through a variety of means — grants, lines of credit, leveraging real-estate assets — and uses that money to acquire properties to benefit people with low to moderate incomes. Matthew Desmond, New York Times, "The Tenants Who Evicted Their Landlord," 13 Oct. 2020 Other ministers have defended controversial provisions, including a land bank, saying the government would not take away farmers’ lands and the law would not weaken environmental protection, reported Reuters. Adi Marsiela And Niniek Karmini, The Christian Science Monitor, "Thousands of students, workers protest Indonesia labor law," 7 Oct. 2020 The event was organized by the Center for Latino Progress, the Capitol Region Council of Governments, the city and the NRZ in Frog Hollow, another neighborhood the land bank plans to target. Rebecca Lurye, courant.com, "Hartford Land Bank looking to acquire, restore its first batch of vacant, blighted homes," 20 Aug. 2020 Hartford’s land bank has been in development since 2016, and is the first of its kind in Connecticut. Rebecca Lurye, courant.com, "Hartford Land Bank looking to acquire, restore its first batch of vacant, blighted homes," 20 Aug. 2020 Of the 24 vacant lots sold since the city established its land bank program in 2008, seven have come since February. Thomas Jewell, cleveland, "Vacant lot sales picking up in Shaker Heights," 4 Aug. 2020 The City of Detroit bought the remaining 142 acres from the land bank for $7 million two years ago. Adrienne Roberts, Detroit Free Press, "Amazon to build $400-million distribution center at Michigan State Fairgrounds in Detroit," 11 Aug. 2020 The crews are responsible for cuttings at 16,000 land bank lots scattered around the city. Robert Higgs, cleveland, "Keeping workers safe from coronavirus exposure complicates Cleveland efforts to keep the grass cut," 23 June 2020 The board can then give foreclosed properties to the local land bank, which can clear any debts on the property and give them to local businesses to revamp and resell. cleveland, "Ohio Supreme Court approves foreclosures that sell homes without compensating owners for equity," 25 June 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'land bank.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of land bank

1696, in the meaning defined above

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Time Traveler for land bank

Time Traveler

The first known use of land bank was in 1696

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Statistics for land bank

Last Updated

20 Oct 2020

Cite this Entry

“Land bank.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/land%20bank. Accessed 25 Nov. 2020.

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More Definitions for land bank

land bank

Legal Definition of land bank

see bank

Comments on land bank

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