In 2024, Prairie Hills retained eProperty Innovations, a nationally recognized consultant, to conduct a land bank feasibility study with grant support from the Kansas State Brownfield Technical Assistance Program. Our objective was to determine if a land bank could be beneficial to our 5-county west central Illinois region. The study revealed a land bank could help to address the vacant property situation, especially if different municipalities and agencies coordinated their efforts to maximum effect. The consultant recommended a land bank be formed of county and municipal members, have a minimum staff to get started, and be funded with contributions from members that are commensurate to their population size.
In 2025, we continued meeting with local leaders to develop a governance framework for a new land bank. We are modeling our land bank on successful land banks in the state. In addition to our consultant, we are assisted with pro bono help from Denzin Law LLC, a nationally recognized law firm specializing in land bank operations and governance, and Teska Associates, a nationally recognized planning firm with broad expertise in community and economic development planning. Both firms are provided pro bono to local governments through the Illinois Housing Development Authority and its Land Bank Technical Assistance Program. For now, we propose to house the land bank at Prairie Hills, though it would operate and be governed independently of our organization. Keep checking this page for updates as we move through the process of formalizing our inter-governmental agreement. We hope to launch the Prairie Hills Land Bank Authority sometime in Spring 2025 and to begin operations soon after! |
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