JAMESTOWN – More than 100 blighted properties have been acquired or improved since the Chautauqua County Land Bank was established in 2012, according to a progress report issued this week by Land Bank executive director Mark Geise and administrative director Gina Paradis.
The Land Bank helps improve properties in three ways, through a Property Rehabilitation Program that sells derelict properties at 60 percent of appraised value to buyers who promise to fix them up; a Demolition Program that provides money to municipalities to remove dilapidated buildings or directly arranges to remove them; and a Side Lot Program that sells vacant lots to adjacent property owners for a large discount.
Paradis noted that almost 50 properties have been acquired through the Property Rehabilitation Program, primarily through tax foreclosure, and 42 of them have been sold. Almost 40 demolitions have been completed, she said, with 25 more in process and 55 more planned this year. The Side Lot Program has acquired 26 lots, she added, of which 16 have been sold.