Building Stronger Communities
Frequently Asked Questions
Your Guide to the
Franklin County Land Bank
Have questions about how the Franklin County Land Bank works? This page provides clear answers about our mission, the property acquisition process, eligibility requirements, and how we help revitalize communities. Whether you’re a prospective homebuyer, contractor, or community partner, this resource will help you understand how we operate and how you can get involved. Explore our FAQs to learn more about how we’re transforming vacant properties into opportunities for homeownership and neighborhood renewal.
What is a land bank?
A land bank is a public or nonprofit organization that acquires, maintains, and rehabilitates vacant, abandoned, or tax-delinquent properties to return them to productive use. Land banks help reduce blight, create affordable housing, and revitalize communities.
How does the Franklin County Land Bank acquire properties?
We typically acquire properties through tax foreclosure, donations, purchases, or transfers from municipalities. These properties are often vacant or distressed and in need of rehabilitation.
How can I buy a home from the Franklin County Land Bank?
Prospective buyers can browse available properties, complete an application, and meet eligibility requirements, and a commitment to renovating the home. The Franklin County Land Bank requires that buyers will use the property as their primary residence and contribute to neighborhood revitalization.
Are Franklin County Land Bank homes move-in ready?
Some of our homes require renovations, while others are in livable condition.
How does buying from the Franklin County Land Bank benefit the community?
Purchasing a Franklin County Land Bank property provides workforce housing, reduces blight, increases property values, and creates stable homeownership opportunities. By restoring vacant homes, land banks contribute to safer, stronger, and more vibrant neighborhoods.
What kind of properties does the Franklin County Land Bank offer?
We acquire vacant, abandoned, and tax-delinquent properties, many of which require renovation. Some homes are move-in ready, while others need substantial repairs.
How does the Franklin County Land Bank work with contractors?
The Franklin County Land Bank partners with local contractors to renovate and rehabilitate properties. Licensed general contracting professionals can bid on projects and play a crucial role in restoring homes for future homeowners.
How do community organizations or municipalities partner with the Franklin County Land Bank?
The Franklin County Land Bank collaborates with municipalities, nonprofits, and local organizations to identify problem properties, develop revitalization strategies, and create affordable workforce housing solutions. Community partners can assist with funding, planning, and outreach efforts.
What financial assistance is available for homebuyers purchasing a Franklin County Land Bank property?
Depending on the property and buyer eligibility, financial assistance such as grants, low-interest loans, or homebuyer education programs may be available through other organizations or government agencies. The Franklin County Land Bank can provide information on resources to help make homeownership more accessible.
