Washington DC- Today Smart Growth America applauded New York State Governor Andrew Cuomo for signing an innovative new policy into law. The Land Bank Act will give localities across New York State new tools for redeveloping vacant and abandoned properties. The “land banks” will be created and run by local authorities with the purpose of reducing the high number of vacant properties in many upstate towns and cities and returning those abandoned parcels to a more productive use.
Geoff Anderson, President and CEO of Smart Growth America, said: “I am thrilled that Governor Cuomo has signed this important bill into law. As the Governor noted in his urban agenda, blighted properties bring despair to communities and land banks are an innovative way to restore struggling neighborhoods. Also, I want to congratulate former Representative Hoyt, Senator Valesky, the Center for Community Progress, CenterState CEO and Empire State Future for their vision and commitment to getting this bill passed and signed into law.”