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Resolution amending and supplementing Resolution entitled, "Resolution establishing a Task Force on Sustainable Funding for the Pittsburgh Land Bank to develop recommendations for long-term financial stability," by establishing a Steering Committee to serve as the core body of the Task Force.
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WHEREAS, the Pittsburgh Land Bank was established pursuant to Act 153 of 2012 and City of Pittsburgh Ordinance Chapter 174A as a separate public entity to acquire, manage, and dispose of vacant, abandoned, and tax-delinquent properties; and
WHEREAS, in 2021, the Land Bank received $10 million in operating budget funding from American Rescue Plan Act (ARPA) dollars in the City of Pittsburgh budget, which was subsequently reduced to $7 million in the 2023 budget and further reduced to $3.5 million in the 2024 budget; and
WHEREAS, the Land Bank serves as a critical tool to support equitable development, neighborhood stabilization, affordable housing, and public reuse of land across the City of Pittsburgh; and
WHEREAS, the Pittsburgh Land Bank Board of Directors has strengthened its operational leadership and governance structure in alignment with its enabling legislation; and
WHEREAS, despite these efforts, the Land Bank lacks a guaranteed source of recurring revenue and faces a projected funding shortfall beyond fiscal year 2026; and
WHEREAS, the long-term success of the Land Bank requires strategic investments and sustainable funding mechanisms, which may include public appropriations, dedicated revenue sources, philanthropic support, and land-based income models; and
WHEREAS, City Council is committed to ensuring that the Land Bank can fulfill its mission in coordination with city departments and partner agencies.
NOW, THEREFORE, BE IT RESOLVED, THAT THE COUNCIL OF THE CITY OF PITTSBURGH HEREBY ENACTS AS FOLLOWS:
Section 1. The Sustainable Funding for the Pittsburgh Land Bank Task Force.
A. The Sustainable Funding for the Pittsburgh Land Bank Task Force...
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