Land banks are funded through various sources, including general fund allocations from local and county governments, federal and state grants, revenue from property sales, and foundation grants. In some states, land bank laws incorporate specific financing mechanisms. For instance, in Michigan and New York, land banks can recapture 50 percent of the property taxes on properties that return to the tax rolls for five years. In Ohio, special fees imposed on delinquent property taxpayers provide a dedicated funding stream for land bank operations.
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