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Home > Blogs > Ohio politics > Archives > 2009 > November > 04 > Entry
Montgomery County Treasurer Rice urges support for land bank authority
Montgomery County Treasurer Carolyn Rice on Wednesday, Nov. 4, urged a House committee to pass legislation permitting Montgomery County and other counties with populations greater than 100,000 to have the authority to organize county land banks.
The land banks would be used to acquire abandoned properties and make plans for reusing them, Rice told the Local Government and Public Administration Committee.
There have been 23,262 foreclosures filed in Montgomery County from Jan. 1, 2005 to Oct. 26, 2009, leading to an big increase in abandoned properties, she said.
“I wish I had the exact number of vacant and abandoned properties to share with you but I don’t,” said Rice. “The number changes every week.”
The crisis affects villages like Phillipsburg as well as the city of Dayton, she said.
“This problem touches every jurisdiction in our county,” she said.
Interest on delinquent property taxes would be a source of revenue to get the land bank started, she said.
The committee on Wednesday heard from supporters of the plan. More hearings are expected before the committee acts.
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