HOW THE PROCESS ACTUALLY WORKS

Step 1: Identify property

Step 2: Submit application

Step 3: Submit redevelopment plan

Step 4: Provide proof of funds

Step 5: Agreement approval

Step 6: Closing

Step 7: Renovation monitoring

Approval is not automatic.

Many land banks prioritize:

• Local buyers
  
  


• Owner-occupants
  
  


• Developers with track record
  
  


• Community-focused projects