Waterbury, CT is a city with an abundant supply of abandoned and tax-delinquent properties. These properties are a blight on the community and a hindrance to economic development. However, a new non-profit organization has been created to assist the city in managing these properties and returning them to productive use. The Waterbury Land Bank has officially launched with a Leaders & Lenders Forum featuring a variety of community investors. This organization is dedicated to strengthening neighborhoods by promoting economic development, increasing property values, and improving the quality of life for all in Waterbury.
Leaders & Lenders Forum
The Leaders & Lenders Forum marked the official launch of the Waterbury Land Bank. The event brought together community investors with a shared interest in investing in the revitalization of Waterbury. The Waterbury Land Bank is a collaboration between the City of Waterbury and the Connecticut Housing Finance Authority (CHFA). The Forum was an opportunity for community leaders to learn more about how the Waterbury Land Bank will function and how it can be used to benefit the community. The Land Bank will acquire, manage, and dispose of vacant, abandoned, and tax-delinquent properties in Waterbury.
Economic Development
The Waterbury Land Bank is a valuable tool for promoting economic development in Waterbury. By returning distressed properties to productive use, the organization can help to attract new businesses and residents to the area. This can lead to an increase in property values, which can ultimately lead to an increase in tax revenues for the city. The Waterbury Land Bank is committed to working with community leaders and investors to identify properties that have the potential to be transformed into productive and profitable assets.
Improving Quality of Life
The Waterbury Land Bank is also dedicated to improving the quality of life for all in Waterbury. By returning distressed properties to productive use, the organization can help to eliminate blight in the community. This can lead to safer neighborhoods, a more engaged and active community, and an overall improvement in the quality of life for all residents.
Conclusion
The Waterbury Land Bank is an exciting development for the City of Waterbury. This non-profit organization is dedicated to returning distressed properties to productive use in order to promote economic development, increase property values, and improve quality of life for all in Waterbury. The Leaders & Lenders Forum marked the official launch of this valuable tool for community development. The Waterbury Land Bank is committed to working with community leaders and investors to identify properties with the potential to be transformed into productive and profitable assets.
If you're interested in learning more about the Waterbury Land Bank or getting involved, visit their website or contact them directly. Together, we can make a positive impact on the Waterbury community.