National Land Bank Network Act

Bill 118 hr 2832, also known as the National Land Bank Network Act, is a piece of legislation introduced in the US Congress. The purpose of this bill is to establish a national network of land banks to help communities acquire, manage, and repurpose vacant, abandoned, and tax-delinquent properties.

The bill outlines the criteria for land banks to be eligible for federal funding, including requirements for transparency, accountability, and community engagement. It also establishes a grant program to provide financial assistance to land banks for the acquisition and redevelopment of properties.

Additionally, the bill aims to promote collaboration between federal, state, and local governments, as well as non-profit organizations and private sector partners, to address the issue of blighted properties and revitalize communities. Overall, the National Land Bank Network Act seeks to provide resources and support to communities struggling with vacant and abandoned properties, with the goal of promoting economic development, improving housing conditions, and enhancing quality of life for residents.