- McConaughey Tweets "Long Way from 1971..."
- Discover some of West Virginia’s state park lodges in January 2015 with a “WV50” $50 room rate
- YEAR-END SPORTS OP-ED: Sports Crazy (or Just Crazy About Things That Matter Very Little)
- Led by Miami Duo, @HerdFB Wins Inaugural Boca Raton Bowl
- OP-ED: How About Another Christmas Truce?
- OP-ED: How Prosecutors Think
- "American Sniper" Likely to Dominate Boxoffice Again
- New Year's Day Hike at Ritter Park
- FINAL... Marshall 52, Northern Illinois 23
- OP-ED: Our Christmas Schizophrenia
HURA to auction off 56 Land Bank properties
This will be HURA’s first auction of Land Bank properties since the program was established in 2009, according to Christal Perry, HURA’s Land Bank program administrator.
“The mission of HURA’s Land Bank program is to return tax-delinquent properties to productive use,” Perry said. “While we have been extremely successful, there are some properties that we have been unable to sell.”
Adjacent property owners were notified in advance of the auction and given an opportunity to purchase properties. Those that were not purchased will be auctioned starting at a minimum bid of $100, with the purchaser paying all of the closing costs.
The Land Bank program was established because city officials identified the annual Cabell County delinquent tax auction as a major contributor to substandard housing in Huntington.
Properties in the auction often get tangled in years of bureaucratic red tape, only to fall back into the hands of people who already have abandoned them or a land speculator who is looking for a quick profit rather than a home to redevelop.
The Land Bank pre-empts the process by purchasing as many tax liens within city limits as possible at the county’s delinquent tax auction. If the original owner chooses not to redeem the property, HURA takes ownership of the properties and solicits redevelopment proposals from potential buyers. Proceeds from the sale of these properties are used to stabilize or demolish substandard housing.
Since May 2011, HURA has acquired more than 200 properties and sold 83 for redevelopment. Thirty-two vacant, dilapidated structures have been demolished.
For more information about the auction, call Perry at 304-696-4486, Ext. 2048 or email email@example.com.