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Philadelphia Land Bank to bid on tax-delinquent properties again, aiding mayor's housing plan.
The Philadelphia Land Bank has resumed its ability to acquire tax-delinquent properties at city sheriff sales after a five-year hiatus.
The Land Bank's board approved a one-year agreement with the Sheriff's Office, enabling them to start bidding on properties in June.
This move supports Mayor Cherelle Parker's plan to create or preserve 30,000 housing units, with the Land Bank holding $5 million to acquire properties.
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Philadelphia Land Bank volverá a pujar por propiedades que delinquen los impuestos, ayudando al plan de vivienda del alcalde.