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The original item was published from 7/23/2015 11:22:20 AM to 10/11/2018 2:20:00 PM.

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Legislative District 12

Posted on: July 23, 2015

[ARCHIVED] Legislator Kennedy and Nassau County take on “Zombie” Homes with New Land Bank

Legislator Kennedy and Nassau County take on Zombie Homes with New Land Bank

Legislator James Kennedy voted this week to approve legislation authorizing the creation of a Nassau County Land Bank. The Land bank is a non-profit corporation that will buy, restore and market abandoned properties – a.k.a “Zombie Homes”. As of May 2015, there were 1,956 zombie homes in Nassau County. The legislation was approved unanimously by the Nassau County Legislature.

Once approved by the New York State Empire Development Corporation, state law permits nonprofit corporations to buy and maintain vacant, blighted, and usually unsightly properties and return them to useful life.

“These abandoned zombie homes reduce surrounding property values and potentially invite criminal mischief,” said Legislator Kennedy. “I am very pleased to join my colleagues in the Nassau County Legislature to create this Land Bank and allow these homes to have a second chance with new Nassau families.”

Creation of the Nassau Land Bank gives Nassau access to grant money from the NY State Attorney General's office to purchase properties abandoned by owners during a foreclosure process. Managed by a seven-member board, the Nassau Land Bank will eventually become self-sustaining by creating a cycle of using money from the sale of renovated homes to purchase more abandoned properties.

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