Purchase Vacant Property From Landbank
Do you want to purchase a house to fix up and live in?
Do you want to restore homes and put them back into the market?
Do you want to take ownership of and maintain a vacant lot on your block?
The Office of Community Development hopes that you and your family are healthy and staying safe during these uncertain times. We look forward to a time when we can interact face-to-face with you again, but in the meantime, please know that we are available via phone and email. Click here for some activities you can do while you’re safely at home to learn about vacant properties and the Landbank.
Currently, the Landbank owns more than 600 properties and strives to put them back into productive use to improve our neighborhoods by increasing property values, stimulate the tax base, and reducing crime rates.
What is the Landbank? The Landbank Authority is a cooperative effort by the major taxing authorities in Louisville Metro (city of Louisville, commonwealth of Kentucky and Jefferson County Public Schools). Its mission is to put vacant and abandoned properties back into productive use through concerned residents like you.
To learn more about our programs and to purchase a Landbank Authority-owned vacant property, click on the link below for either lots or structures.
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Solicitations of Interest (SOI)
- When would the Landbank issue an SOI?
- Most Landbank properties are small and residential in nature and are suitable to sell through the current Landbank sales programs. From time to time, the Landbank acquires property higher in value or that has the potential for large-scale redevelopment. This can include larger parcels, multiple adjacent parcels, commercially zoned lots, or properties historic in nature.
- Why does the Landbank issue SOIs?
- The Landbank issues SOIs in order to prioritize the importance of the end use to the community. With the SOI process, all kinds of proposals can be submitted– retail, residential, multi-family, commercial, social service centers, incubators, etc. Due to the variety in proposals for each site, each one will be reviewed to find the best possible, most feasible project to benefit the community.
- What is involved in an SOI?
- A strong SOI response will demonstrate a clear benefit to the community and will include a site plan, renderings of the planned development, estimated budget, timeline, and proof of funds. Most SOIs will have a deadline of 30-60 days from the launch date to submit a proposal.
- How can I make sure I am notified when an SOI is issued?
- Sign up to receive an email or text message here: https://louisvilleky.gov/government/community-development/subscribe-stay-informed
- Upcoming SOIs involving the Landbank and Urban Renewal Commission
- 1634 and 1636 Nelligan Avenue (Estimated launch - March 2021)
- 1515 W. Jefferson Street (March/April 2021) * Owned by Urban Renewal, but will go through similar SOI process as discussed above.
- 1911 W. Muhammad Ali Blvd (March/April 2021) * Owned by Urban Renewal, but will go through similar SOI process as discussed above.
Property Owned by Metro Government
Louisville Metro Government periodically offers real estate property for sale that is determined to no longer be needed for a government purpose. Metro's Real Estate Assets Policies and Procedures can be found here.
Privately-Owned Property
Curious how to figure out who owns a property and whether is it available for purchase through the city? Watch this video tutorial.
