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A governmental or nongovernmental nonprofit entity established, at least in part, to assemble, temporarily manage and dispose of vacant land. The Land Bank's purpose is to stabilize neighborhoods and encourage re-use or redevelopment of urban property.<\/p>", "inDefinedTermSet": "https://affordablehousingonline.com/glossary" },

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Land Bank

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A governmental or nongovernmental nonprofit entity established, at least in part, to assemble, temporarily manage and dispose of vacant land. The Land Bank's purpose is to stabilize neighborhoods and encourage re-use or redevelopment of urban property.