Topeka earmarks $500k for land bank program

TOPEKA (KSNT) - The City of Topeka has set aside $500,000 for a three-year land bank program meant to transform rundown buildings into affordable housing.

The City of Topeka has approved five lots to be formally added to the land bank. The city-owned properties that are added to the land bank portfolio will be available for sale.

“We understand that this initiative alone will not solve our housing shortage, but it is a vital pillar that supports the other initiatives and efforts led by the City of Topeka and our economic development organizations,” said Manny Herron, land bank board member and founder of IPG Building Co. “Together, these efforts will drive comprehensive and sustainable growth in our housing market.”

Developers interested in purchasing property from the city land bank can view the available parcels by clicking here. The land bank Board of Trustees will review applications based on a selection rubric.

If you'd like to donate a property to the land bank, you will need to submit an application and have an inspection of the property.

“We eagerly anticipate the innovative responses from developers and their contributions to increasing access to quality housing. This initiative is more than just a project; it is a testament to our dedication to seeing Topeka thrive,” said Herron. “I look forward to witnessing the positive impact this program will have on our city and its future.”

The properties currently listed on the land bank website are:

Address	Parcel No.	Appraised Value
1332 SE 18th Terr.	1330504003001000	$8,580
South Kansas Avenue	1330601025006000	$4,034
1326 SW Fillmore St.	1410101014006000	$2,550
Southeast Monroe Street	1330601012016000	$1,350
Southwest Taylor Street	1093102010006000	$2,810

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