The Gadsden Land Bank Authority’s (GLBA) mission is to convey marketable property that has a title, free and clear of any outstanding liens, to a new owner who will redevelop these properties.

These abandoned properties impede economic and residential development and revitalization of distressed neighborhoods.

In most cases, these properties are tax-delinquent and have been abandoned by the owner of record because the amount due in back taxes exceeds the value of the property.

The GLBA is established to return these properties (and other surplus properties of the local government) to a useful status in order to remove blight, provide housing, and stabilize neighborhoods for the citizens of the City.

Properties conveyed to GLBA will:

• Create redevelopment opportunities returning tax-delinquent properties to the property tax rolls;

• Abate urban blight by reducing the number of vacant and abandoned properties;

• Revitalize neighborhoods by creating new housing opportunities and conserving existing housing stock;

• Protect and stabilize property values in Gadsden.