Landbank Authority

vacant property

Landbank Authority completes record-breaking year of LouisvilleKY vacant property sales

Louisville, KY., – Mayor Greg Fischer joined Metro employees and the Landbank Authority to celebrate the conclusion of a record-breaking year of efforts to return vacant properties in Louisville to productive use. In the 2017-18 fiscal year, which ended June 30, the Louisville Metro Vacant & Public Property Administration (VPPA) closed on the sale of 125 vacant properties in FY18—a 330% increase from the previous fiscal year. In the 2016-17 fiscal year, 29 sales were made. Metro officials attribute the increase in sales to new sales programs—Last Look, Cut It Keep It and Flex Rate policy—that were debuted in October 2017….


city skyline

Landbank Authority approves sales of 50 vacant properties in LouisvilleKY

Louisville, KY., – 50 vacant properties in various neighborhoods were approved for sale to buyers by the Landbank Authority at its November meeting. An increase in sales can be attributed to new programs of the Vacant & Public Property Administration, which debuted on October 20. The programs are designed to provide more opportunity for residents to purchase Landbank Authority-owned vacant properties. For comparison, 56 vacant properties were sold in all of 2016 and 36 vacant properties had been sold in 2017 year-to-date. The following structures were demolition candidates but were approved for sale as part of the new program called…