As an independent, not-for-profit organization, we work with community members, city officials and local businesses to identify vacant, under-utilized or tax-delinquent properties that have a profoundly negative affect on the surrounding neighborhood.
Utilizing the means provided within the State of New York Land Bank Act (Section 1600 of the NY Not-For-Profit Corporation Law), we acquire these “problem properties” and stabilize, redevelop, demolish or hold and manage to be sold or packaged as part of larger development projects. Our disposition strategy ultimately serves as a path to promoting responsible home ownership, growing local businesses and attracting private development projects that align with the long-range vision of our communities and residents. Through strategic planning and community involvement, the return of vacant buildings to productive use will increase surrounding home values and stabilize the tax-base – allowing the city of Troy to reinvest in our neighborhoods and provide improved essential services that promote a greater quality of life.
The Troy Community Land Bank’s core purpose is to redevelop vacant, abandoned and under-utilized properties through community partnerships and strategic planning. Our goal is to encourage economic growth, long-term sustainability and new opportunities for all of Troy’s residents and businesses so that we can build stronger neighborhoods and enjoy a greater quality of life.
Land Bank Quick Stats
JOE FAMA – Director of Operations
CHRIS BROWN – Planning and Operations Manager
The board members of the Troy Community Land Bank consist of residents, business owners, school district educators and local developers who call the City of Troy home.
Heather King – Chair
Dylan Turek – Vice Chair
Frank Sarratori – Treasurer
Brian Barker – Mayoral Appointee
Bruce Dee – City Council Appointee
Andrew Cooper – City Council Appointee
Jeanette Nicholson – City Council Appointee
John Cubit – City Council Appointee
John Carmello – Troy City School District Appointee
Suzanne Spellen – Board Appointee