The Land Bank is focused on the safe removal of buildings that have fallen into disrepair and are not viable for renovation. The Land Bank acquires property for demolition through various methods including the public foreclosure process, donations, and private purchase agreements. The Land Bank works with local municipalities and neighborhood groups to determine which properties are targets for demolition. Following demolition, the Land Bank makes all efforts to return the property to the tax rolls by selling the cleared land to a neighbor or even as a potential site for new development.
In 2014, the Land Bank won $3 million in grant funding from the New York State Attorney General and will undertake multiple demolitions over the next two years in coordination with the partnering municipalities.