Journal of the City Planning Institute of Japan
Online ISSN : 2185-0593
Print ISSN : 0916-0647
ISSN-L : 0916-0647
The Role of the Two Strata Land Banks in Dealing with Foreclosure as well as Abandoned and Vacant Properties
a Case in Cleveland, Ohio, the United States
Yasuyuki Fujii, Junichiro Okata, Hideki Koizumi
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2014 Volume 49 Issue 1 Pages 101-112

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Abstract
Cleveland once prospered as the fifth largest city in the United States, but has lost more than half of its population from the heyday. The City of Cleveland Land Bank (CCLB), a city government program, has worked at community level since the 1970s by acquiring and disposing vacant lots while the recently-established Cuyahoga County Land Reutilization Corporation (CCLRC), a public-mission nonprofit organization, acquires and repurposes abandoned properties with structures as well, including mortgage foreclosed properties. The purpose of this paper is to clarify the effects of the two strata land banking in Cleveland with a view to collaboration of the two land banks, accelerated demolition, partnerships with various governmental entities, mortgage lenders as well as end-users of land bank property.
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© 2014 The City Planning Institute of Japan
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