Realtors, Developers and Lawmakers Say Land Banks Are a Start Toward Housing Fix
Oklahoma lawmakers and housing experts are discussing the use of land banks to address the state's affordable housing shortage. While seen as a helpful tool for managing blighted properties, experts note it is not a complete solution.
Sen. Julia Kirt held a September interim study on land banks, quasi-governmental entities that acquire vacant and blighted properties for development, after her land bank bill died in committee this spring. Housing experts and Realtors called them a useful tool for Oklahoma's 84,125-unit affordable housing deficit — but not a complete solution.
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