The Land Bank Authority was created through an intergovernmental agreement between the City of Savannah and Chatham County. Organized and operating under the state laws of Georgia, the Authority is a separate entity created to acquire vacant, abandoned, blighted, tax delinquent properties and assist in the return of the properties to a productive use.
The Authority works in a collaborative effort with local government, neighborhood communities, non-profit and private developers to assist in the revitalization of neighborhoods, supporting the increase of property values, and stabilizing the real estate market through strategic property acquisition, disposition, land use, management, and redevelopment of underutilized properties.
The mission of the Authority is to strategically acquire vacant, abandoned, tax delinquent properties and to facilitate the revitalization of those properties to a productive use in a manner consistent with local government plans and priorities.
The Authority’s primary focus is to acquire tax delinquent properties of the City and County and return them to a tax revenue generating status. The goals of the Authority are to:
Provide properties for use in the development of affordable housing
Acquire underutilized properties and convert them into a revenue generating status
Assist in the redevelopment of urban areas
Assist in the reduction of blight and enhance the quality of life for those living in our communities
Discourage tax delinquency
Encourage responsible investment
Avoid tax sale title problems and heir title problems