CCLBA Releases New Parcels

Lawndale News Chicago's Bilingual Newspaper - Business

Lawndale News Chicago's Bilingual Newspaper - Business

The Cook County Land Bank Authority (CCLBA), released nearly 3,200 vacant, tax-delinquent lots at below-market rates that are available for acquisition for community-based partners looking to help transform communities throughout Chicago and suburban Cook. Most of these lots are located in areas that were dealt a blow during the 2008 foreclosure crisis, primarily throughout the south and west sides of Chicago. CCLBA will be looking to partner with community-based developers as well as local not-for-profits, block clubs, community organizations, homeowners, faith-based organizations and others to revitalize and reboot distressed neighborhoods, reduce unnecessary vacancies and fill unique community needs, whether it be community gardens, play lots, basketball courts, open space and other uses. Such properties have been vacant for many years, creating blight and dragging down the livelihood of their communities and potential to prosper. These lots were acquired as part of the 2017 bi-annual Cook County Tax Scavenger sale, in which CCLBA has the authority to acquire these kinds of tax delinquent parcels, clear back taxes and other related fees in order to remove barriers for those in the community who want to turn them into a useful purpose. The nearly 3,200 new lots will be sold based on neighborhood impact, project feasibility and financial capacity of the buyer. These properties can be found online at: http://www.cookcountylandbank.org/taxcertificateprogram/

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