Topeka’s city government creates land bank to buy, upgrade, resell distressed properties
Topeka's city government will create a "land bank" pilot program aimed at helping address this community's problems with abandoned properties. The program will buy distressed properties and hold them tax-free while they're upgraded, resold and returned to the tax rolls. Topeka's mayor and city council voted 9-0 late Tuesday, with Councilman Tony Emerson being absent, to create the program and adopt specific policy guidelines governing it. Source: CJonline