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LAND BANKING REQUEST FOR FUNDING

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					LAND BANKING REQUEST FOR FUNDING - ACTIVITY 5 APPENDIX G Land Banking is an eligible activity under Cook County’s NSP; however, it should only be used as a last resort. Homelessness prevention is one of the primary goals outlined in Cook County’s Consolidated Plan; therefore, Cook County seeks to make housing readily available to those who are at risk for homelessness. Cook County encourages Applicants that seek funding under this Activity to outline their desired plans for redevelopment of the property. Land Banking is limited to “foreclosed upon” “homes” ONLY, vacant property, abandoned property, vacant land and non-residential property cannot be purchased under this Activity. If redevelopment of the land is imminent, use of the Land Banking Activity is not permissible. However, Cook County will allow the land to be temporarily used as an open space or public park. For more information, examples and best practices for Land Banking Activities visit:
http://www.hud.gov/offices/cpd/about/conplan/foreclosure/landbanks.cfm

Applicants must specify the desired intended reuse of the property at the time of application in the space provided below. Cook County will allow the property to remain in the Land Bank for a period of not more than five (5) years, unless separate written approval is given by Cook County. Applicants that are unsure of the desired intended future use, must request a waiver of this provision in the space provided below. ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ In addition to completing the Appendices listed in the Application Instructions, please answer the following questions: Has the Applicant or its partners had any prior experience with undertaking projects for Demolition and/or Land Banking of buildings?  Yes  No

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If yes, list the types of Demolition and/or Land Banking projects, experience, and number of years. ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ What is the Applicant’s intended use/re-use of the Land Banked property(ies)? Please also indicate the time-frame in which project(s) will begin on the land and specific property addresses. Each property address should also have a corresponding project number. Please also indicate persons to be served and the reason(s) for which the Applicant is proposing to Land Bank the property. ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ For multiple projects, please fill in the chart below.

Address

Project #

Reason For Land Bank

Term Years

Future Use

The Applicant should have included a budget for the project as part of its responses in the General Application. Indicate the total amount of NSP funds requested for this Activity: $____________.

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