how the land bank is funded
The Summit County Land Bank may receive funds in the same manner as any other nonprofit corporation. Primarily, however, the Summit County Land Bank is funded, in part, through the collection of delinquent taxes and assessments by the Summit County Fiscal Officer. The Summit County Land Bank also currently receives funding from the Ohio Housing Finance Agency, through the Neighborhood Initiative Program, a residential demolition program aimed at stabilizing property values through the strategic removal of abandoned, vacant and blighted properties. Additionally, the Summit County Land Bank receives funding through the sale of real property.
Click below to learn more about the financial operations of the Summit County Land Bank. For additional information, please contact the Summit County Land Bank.
Click below to view our most recently updated 2018 operating budget.
annual financial statements
Pursuant to Ohio Revised Code Section 1724.05, the Summit County Land Bank must certify, and file, annual financial statements with the Ohio Auditor of State. Click below to learn more, and to view prior statements.
internal audit reports
To protect against fraud, waste, and abuse, and to ensure maximum accountability and transparency, the Summit County Land Bank voluntarily contracts with the Summit County Internal Audit Department for periodic audits of its programs and operations. Click below to review previous audit reports.