2008 mortgage crisis<\/strong>, “And they saw the success that other states were having with land banks, primarily in Michigan and Ohio. And so they worked with some people to really understand land banking and how those tools could work and decided to put together the legislation to create the authority for land banks to be created in taxing jurisdictions throughout the state.”<\/p>\nOver the last decade, land banks in the state have<\/p>\n
–\u00a0Acquired over 5,000 problem properties
\n–\u00a0Demolished 1,567 vacant structures
\n– Returned 3,231 properties to productive use
\n– Generated more than $300 million in private investment
\n– And returned $135 million in assessed value to local tax rolls<\/p>\n
Paradis said of those figures, the Chautauqua County Land Bank has acquired 362 properties, demolished 172 structures, and returned $8.5 million to the tax rolls.<\/p>\n
She said the pandemic hurt the land bank’s ability to acquire properties, as the county’s tax auction<\/strong> was on hiatus from January 2020 until July 2022, “We really went a couple of years with no inventory to sell and still plenty of demos to do. But we ended up in that real tough situation where we had little inventory to create revenue and our grand funding was twilighting and we were looking at a gap in funding for that period.”<\/p>\nParadis said funding assistance by the Sheldon Foundation<\/strong> as well as revenues from previous years helped bridge the gap. She said mortgage crisis settlement monies initially funded land banks in the state, but that funding has been totally expended. Paradis said the proposed state budget includes a line item for Land Banks that she’s hopeful will get passed.<\/p>\nIn November 2022, Jamestown City Council<\/strong> approved allocating $1 million in American Rescue Plan<\/strong> Act funds to the Chautauqua County Land Bank. Paradis said that contract is still in the review process.<\/p>\n","protected":false},"excerpt":{"rendered":"The New York Landbank Association, as well as the Chautauqua County Land Bank, are celebrating over 10 years of growth and impact in the state. Chautauqua County Land Bank Executive Director Gina Paradis said land banks were created by New York State in 2012 as a way to deal with vacant and abandoned properties following […]<\/p>\n","protected":false},"author":22,"featured_media":50345,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[4],"tags":[12967,10348,8164,6222,1122,12966,1842,11868],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2023\/02\/New-York-Land-Banks-ROI-Summary-feat.jpg?fit=1000%2C609&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p3YlJ4-d5Z","jetpack-related-posts":[{"id":52303,"url":"https:\/\/www.wrfalp.com\/chautauqua-county-land-bank-receives-1-2-million-from-nys\/","url_meta":{"origin":50343,"position":0},"title":"Chautauqua County Land Bank Receives $1.2 Million From NYS","author":"WRFA Radio","date":"June 5, 2023","format":false,"excerpt":"The Chautauqua County Land Bank has received $1.2 million in funding support from New York State. The funding is part of $26 million in grant funding through the State's Land Bank Initiative that has been awarded to 24 Land Banks across the state. Chautauqua County Land Bank Executive Director Gina\u2026","rel":"","context":"In "Local News"","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/08\/Chautauqua-County-Land-Bank.jpg?fit=1200%2C503&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/08\/Chautauqua-County-Land-Bank.jpg?fit=1200%2C503&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/08\/Chautauqua-County-Land-Bank.jpg?fit=1200%2C503&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/08\/Chautauqua-County-Land-Bank.jpg?fit=1200%2C503&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/08\/Chautauqua-County-Land-Bank.jpg?fit=1200%2C503&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":46372,"url":"https:\/\/www.wrfalp.com\/chautauqua-land-bank-corporation-requesting-1-million-in-arpa-funds-from-city\/","url_meta":{"origin":50343,"position":1},"title":"Chautauqua Land Bank Corporation Requesting $1 Million in ARPA Funds from City","author":"WRFA Radio","date":"August 26, 2022","format":false,"excerpt":"The Chautauqua County Land Bank Corporation is requesting $1 million in American Rescue Plan funds from the City of Jamestown. Land Bank Executive Director Gina Paradis presented her request to Jamestown City Council on Monday. She said the organization's main mission is to fight issues of housing blight in the\u2026","rel":"","context":"In "Local News"","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/08\/Gina-Paradis-City-Council-8-22-22.jpg?fit=927%2C528&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/08\/Gina-Paradis-City-Council-8-22-22.jpg?fit=927%2C528&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/08\/Gina-Paradis-City-Council-8-22-22.jpg?fit=927%2C528&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/08\/Gina-Paradis-City-Council-8-22-22.jpg?fit=927%2C528&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":17210,"url":"https:\/\/www.wrfalp.com\/listen-community-matters-chautauqua-county-land-bank-corporation\/","url_meta":{"origin":50343,"position":2},"title":"[LISTEN] Community Matters – Chautauqua County Land Bank Corporation","author":"WRFA Radio","date":"November 24, 2014","format":false,"excerpt":"Originally airing Nov. 20, 2014 WRFA Public Affairs Director Jason Sample talks with County Land Bank executive director Mark Geise and Administrative Director Gina Paradis, who provide details on the county land bank - including why it was established and what service it provides to the community.","rel":"","context":"In "Audio"","block_context":{"text":"Audio","link":"https:\/\/www.wrfalp.com\/category\/news\/audio\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/02\/county-land-bank.png?fit=547%2C547&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/02\/county-land-bank.png?fit=547%2C547&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/02\/county-land-bank.png?fit=547%2C547&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":19087,"url":"https:\/\/www.wrfalp.com\/presentation-on-county-land-bank-set-for-thursday-night-in-jamestown\/","url_meta":{"origin":50343,"position":3},"title":"Presentation on County Land Bank Set for Thursday Night in Jamestown","author":"WRFA Radio","date":"August 24, 2016","format":false,"excerpt":"JAMESTOWN - Residents wanting to learn more about the Chautauqua County Land Bank Corporation will want to stop by the Lillian V. Ney Renaissance Center in downtown Jamestown Thursday night. At 7 p.m. the Jamestown Neighborhood Alliance (JNA) will host a discussion by Mark Geise, land bank Executive Director, and\u2026","rel":"","context":"In "Local News"","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/08\/Chautauqua-County-Land-Bank.jpg?fit=1200%2C503&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/08\/Chautauqua-County-Land-Bank.jpg?fit=1200%2C503&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/08\/Chautauqua-County-Land-Bank.jpg?fit=1200%2C503&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/08\/Chautauqua-County-Land-Bank.jpg?fit=1200%2C503&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/08\/Chautauqua-County-Land-Bank.jpg?fit=1200%2C503&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":47550,"url":"https:\/\/www.wrfalp.com\/land-bank-partners-with-home-headquarters-to-expand-financing-options-for-homebuyers\/","url_meta":{"origin":50343,"position":4},"title":"Land Bank Partners with Home HeadQuarters to Expand Financing Options for Homebuyers","author":"WRFA Radio","date":"October 18, 2022","format":false,"excerpt":"The Chautauqua County Land Bank has formed a new partnership with Home HeadQuarters, Inc. to expand opportunities for home ownership. The two organizations will launch a Rehab Loan Fund. Executive Director Gina Paradis said that as \"Sales4Rehab properties do not qualify for traditional financing, this partnership with Home HeadQuarters is\u2026","rel":"","context":"In "Local News"","block_context":{"text":"Local News","link":"https:\/\/www.wrfalp.com\/category\/news\/local-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/08\/Chautauqua-County-Land-Bank.jpg?fit=1200%2C503&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/08\/Chautauqua-County-Land-Bank.jpg?fit=1200%2C503&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/08\/Chautauqua-County-Land-Bank.jpg?fit=1200%2C503&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/08\/Chautauqua-County-Land-Bank.jpg?fit=1200%2C503&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/08\/Chautauqua-County-Land-Bank.jpg?fit=1200%2C503&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":46161,"url":"https:\/\/www.wrfalp.com\/watch-listen-community-conversation-housing-in-chautauqua-county-part-2-aug-11-2022\/","url_meta":{"origin":50343,"position":5},"title":"[WATCH\/LISTEN] Community Conversation: Housing in Chautauqua County Part 2 \u2013 Aug 11, 2022","author":"WRFA Radio","date":"August 15, 2022","format":false,"excerpt":"JAMESTOWN, NY - On Aug 11, WRFA continued its series of Community Conversations, with a second conversation focusing on Housing in Jamestown and Chautauqua County. 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It will be\u2026","rel":"","context":"In "Audio"","block_context":{"text":"Audio","link":"https:\/\/www.wrfalp.com\/category\/news\/audio\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/08\/COmmunity-Conversation-Aug-11-2022.jpg?fit=1000%2C649&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/08\/COmmunity-Conversation-Aug-11-2022.jpg?fit=1000%2C649&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/08\/COmmunity-Conversation-Aug-11-2022.jpg?fit=1000%2C649&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2022\/08\/COmmunity-Conversation-Aug-11-2022.jpg?fit=1000%2C649&ssl=1&resize=700%2C400 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/posts\/50343"}],"collection":[{"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/comments?post=50343"}],"version-history":[{"count":1,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/posts\/50343\/revisions"}],"predecessor-version":[{"id":50346,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/posts\/50343\/revisions\/50346"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/media\/50345"}],"wp:attachment":[{"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/media?parent=50343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/categories?post=50343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/tags?post=50343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}