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Philadelphia Land Bank draws support, criticism

Mixed responses of hope and skepticism have surrounded the ordinance that created Philadelphia's new Land Bank, which is aimed at cleaning up and repurposing the city's roughly 40,000 underused or blighted properties. Philadelphia is currently the largest U.S. city to establish a land bank, and other cities with major real estate problems are undoubtedly looking to Philadelphia as a possible model.

Philly council to hear eminent domain plan

Recent news came in regarding the plans of the Philadelphia Redevelopment Authority seizing properties by eminent domain for an affordable housing plan. Previously, a Philadelphia city councilman had proposed taking 43 properties in the Point Breeze community by eminent domain, an unpopular plan among some property owners. Those owners said they had plans for development on their lands.

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