The City of Cleveland makes available Land Bank parcels for residential side yard expansion and development proposals that will contribute to the economic, social and environmental betterment of the City. Interested parties must submit a written application to the Department of Community Development and state the details of their proposals.
The cost of Land Bank lots is governed by the City of Cleveland's Board of Control under the established guidelines that follow (as of Jan 1st, 2013):
Lots for residential yard expansion are sold for $200.00
Lots for new housing construction are sold for $200.00 per parcel
Lots acquired for certain interim uses such as community gardens are leased or licensed under negotiated terms and conditions
Property requested for other uses will require an appraisal to determine the property’s fair market value
Buyers are also responsible for costs related to recording deeds, consolidating parcels, etc.
Land Bank Purchase Procedure
Applicant completes a Land Bank application including required information and site plan
Applicant must be able to afford proposed improvements, be current on property taxes and have no outstanding building code violations
Proposal is evaluated to determine if the development is suitable for the neighborhood; Proposed improvements may be subject to the City's design review process
The Councilperson for the area is informed of the proposal and comments from the City Planning Commission staff and community development corporation in the area
Applicant is notified of decision on application; if approved, conditions may be attached
Prospective buyer is informed of property's fair market value
Administrative approvals are obtained, a deed is prepared for signature and the property is transferred to the interested party
We are committed to improving the quality of life in the City of
Cleveland by strengthening our neighborhoods through successful
housing rehabilitation efforts, commercial rehabilitation efforts, new housing
construction, homeownership, and community focused human services.