Gadsden Land Bank Authority
About The Gadsden Land Bank Authority
The Gadsden Land Bank Authority (GLBA) mission is to convey marketable property that has a title, free and clear of any outstanding liens, to a new owner who will redevelop these properties. These abandoned properties impede economic and residential development and revitalization of distressed neighborhoods. In most cases, these properties are tax-delinquent and have been abandoned by the owner of record because the amount due in back taxes exceeds the value of the property.
Properties conveyed to GLBA will
• Create redevelopment opportunities returning tax-delinquent properties to the property tax rolls;
• Abate urban blight by reducing the number of vacant and abandoned properties;
• Revitalize neighborhoods by creating new housing opportunities and conserving existing housing stock;
• Protect and stabilize property values in Gadsden.