FREQUENTLY ASKED QUESTIONS

 

WHAT IS NEWBURGH COMMUNITY LAND BANK? 

Newburgh Community Land Bank (NCLB) is a non-profit organization working in the City of Newburgh to (1) acquire title to vacant and abandoned properties, (2) eliminate barriers to redevelopment, (3) transfer property to a new owner in a way that supports community needs and priorities. We have a Board of Directors that meets every other month, and we are supported daily by our executive director and staff. 

 

HOW IS THE LAND BANK FUNDED? 

NCLB’s main source of funding comes from the NYS Attorney General, who awards grants on a competitive basis via the National Mortgage Settlement and subsequent settlements to land banks statewide. These funds go directly towards the stabilization and environmental abatement of our properties. NCLB has also competed successfully for state, federal and private grant funds and also earns income through property sales.

 

WHAT PROPERTIES DOES THE LAND BANK OWN? 

All of our available properties are listed under Properties on our website. These properties are located primarily in the North of Broadway Neighborhood.

 

HOW DOES ONE PURCHASE PROPERTY FROM THE LAND BANK?

Our properties are typically made available through a Request for Proposals process, or are open for offers as described on a case by case basis. Visit the Properties section of our website for details on how to purchase properties that are currently available.   While the Newburgh Community Land Bank maintains an updated inventory list on its website at all times, only properties with Requests for Proposals or for which the Land Bank is specifically soliciting offers are available for sale.  Small vacant lots may also be available to the owners of immediately adjacent properties if they meet the stringent disposition standards (no outstanding code violations, history of foreclosure or landlord tenant issues, etc.). All disposition decisions for our properties, including selection of winning responses to any Requests for Proposals, are made by our Board of Directors.

 

HOW OFTEN DOES THE LAND BANK ACQUIRE PROPERTIES?

NCLB acquires most of its properties through direct sale from the City of Newburgh in bulk acquisitions once or twice a year. NCLB must assemble a strategic list of properties that support our organizational goals and request these properties from Newburgh’s City Council. We also accept properties donated to us from banks or local institutions and individuals on an ongoing basis. 

 

IS THE NEWBURGH COMMUNITY LAND BANK PART OF LOCAL GOVERNMENT?

Although the Newburgh Community Land Bank was established pursuant to the NYS Land Bank Act in 2012 after application to state authorities by the City of Newburgh’s City Council, it is not part of the County or local government. Under New York State Law, land banks are charitable not-for-profit corporations granted certain powers necessary to confront the problems caused by vacant, abandoned, and tax-delinquent properties in our communities. The Land Bank works in partnership with the City of Newburgh to revitalize neighborhoods and strengthen communities, and certain City representatives serve on our Board of Directors by virtue of their office or title. The Land Bank has a higher standard of accountability than many non-profits through its required public authority reporting and regulations as well as its adherence to the Open Meetings Law and Freedom of Information Law.

 

WHO CAN PURCHASE LAND BANK PROPERTY?

Any qualified individual, family, partnership, non-profit, or corporation can purchase and develop a land bank property, per specific program requirements and our disposition policies. Typically, properties will be sold through a Request for Proposals process, though the Land Bank also engages in development planning and associated disposition with thoroughly vetted non-profit partners such as Habitat for Humanity to achieve City and neighborhood goals.  

 

WHAT ARE THE QUALIFICATIONS FOR APPLYING?

NCLB requires the purchaser to provide basic personal or business information, demonstrated interest in working with the Land Bank, investment in the City of Newburgh, and a feasible development and management plan for the property of interest.  Request for Proposals will enumerate the specific requirements of any funding program associated with each property, such as income limits for purchaser or future tenants. 

 

DOES THE LAND BANK GIVE GRANTS OR PROVIDE FINANCING?

NCLB does not give out grants or provide financing for purchasing property. Our properties are priced to reflect the extensive work that purchasers will generally have to undertake. And, for homes we have already renovated, prices are specifically formulated to be affordable to neighborhood residents. Home buyer education and counseling, as well as access to down payment and closing cost assistance programs may be available through our partner, Pathstone. Often, the Land Bank will have already invested in the clean out, abatement and stabilization of a property.  Any Request for Proposals issued will have details about any effort the Land Bank has undertaken prior to marketing.

 

HOW DO I VISIT A PROPERTY?

When a property is advertised pursuant to a Request for Proposals, there will be multiple dates where the property will be open for inspection. For House to Home ownership opportunities, please contact the office to schedule a viewing – 845-565-5360.

 

AM I REQUIRED TO REHABILITATE THE PROPERTY I PURCHASE?

The Newburgh Community Land Bank generally includes a deed restriction in its sales transactions that limits the time allotted to complete a renovation or establishes the occupancy or affordability requirements related to funding invested into a particular property. We do this to ensure that buyers uphold their commitment to meet the proposed use stated in their application and complete their project within a certain timeframe. The Land Bank may also employ deed restrictions to ensure certain outcomes in property sales (such as a requirement for owner occupancy). If a Buyer does not meet these requirements, the Newburgh Community Land Bank may regain possession of the property. The specific requirements for a property will be included in any Request for Proposals or in any marketing materials and included in any contract of sale that may be negotiated.

 

I’M A CONTRACTOR. HOW CAN I GET WORK WITH THE NEWBURGH COMMUNITY LAND BANK?

The Land Bank utilizes an RFP process to procure contractors. When seeking contractors, notices are posted to our website, and are also sent out by email to our mailing list and advertised in local newspapers. To join our mailing list, click here.