About
The Kankakee Regional Land Bank Authority is a non-profit entity that acquires, holds, manages, and develops vacant, abandoned, and tax-delinquent properties in Kankakee County.
The Kankakee Regional Land Bank Authority was created by an inter-governmental agreement between Kankakee County and the City of Kankakee. The City of Kankakee is funding the compensation and Kankakee County is housing and providing benefits as a county employee.
KRLBA will acquire properties through various means, such as tax foreclosure auctions, donations, or purchases from private owners. Once acquired, KRLBA may clear title issues and prepare properties for demolition or reuse, by selling to developers, transferring to community-based organizations, or holding for future use.
Mission
The purpose of a land bank is to stabilize and revitalize neighborhoods by returning vacant and abandoned properties to productive use.
Goals
- Acquire properties through:
- Abandonment Petitions
- Tax Sale
- Purchases & Donations
- Dispose of properties
- Commercial Redevelopment