As of Fall 2017, sixty-four (64) demolitions will have been completed under the auspices of the Jefferson County Land Bank. Some sixteen (16) jurisdictions – cities, villages, townships – will have received the real estate and public safety benefits of these demolitions. In 2018 and beyond, we plan to expand our demolition efforts to encompass at least eight (8) additional jurisdictions.
Our current demolition effort is financed through the Neighborhood Initiative Program or NIP. Some background on the program is provided below.
Please click the link below if you would like to see and download a complete listing of Land Bank sponsored NIP demolitions.
Neighborhood Initiative Program (NIP)
In 2013, the Ohio Housing Finance Authority (OHFA) successfully petitioned the federal government to utilize part of the Hardest Hit Funds (HHF) for demolition, creating NIP. U.S. Treasury authorized the use of these funds to eliminate blight through demolition citing research that established the value of demolitions in protecting home values and preserving home ownership. The Jefferson County Land Bank has received $1.46 million dollars for demolitions under NIP. Funds can only be used in hardest hit geographically-defined target areas.