Land Banks/Trusts

Programs that conserve land resources by purchasing or otherwise acquiring endangered land and/or all or some of the rights to that land and holding the land in trust or deeding it to public authorities (such as the U.S. Interior Department) or to private organizations for conservation, care and protection in perpetuity. Land banks/trusts may also be a vehicle used by communities for other types of land acquisition initiatives such as preserving affordable housing or acquiring and rehabilitating foreclosed properties.