Properties become a nuisance to communities when land owners neglect to keep their buildings secure and habitable, and their lots maintained. Land banks acquire problem properties, clearing them of liens for immediate reuse or future redevelopment. It is a proven strategy for the stabilization of communities throughout the United States. Land banks secure vacant, derelict buildings and oversee lot maintenance in order to stabilize neighborhoods.
Per Virginia Code sections 15.2-7500 through 15.2-7512, DNDC is eligible to serve as Danville’s designated land bank. DNDC’s Board of Directors and staff are preparing to assume this responsibility with the assistance of the Center for Community Progress. As policies and programs are finalized, and as the time of DNDC’s land bank designation approaches, more information will be posted here.