Join the Land Bank Rehab Program

Step 1.Know what it takes to Pre-Qualify

• Completion of Application 
• Certificate of Insurance 
• Occupation Tax Receipt
• Not listed on the Delinquent Real Estate Department’s “No-Bidders List”

Step 2.Have the Right Insurance 

GENERAL LIABILITY COVERAGE with the following MINIMUM limits of liability:

• $1 million dollars each occurrence
• $2 million dollars general aggregate
• $2 million dollars products/completed operations aggregate
• $1 million dollars personal and advertising injury
• WORKERS COMPENSATION with statutory limits.

Step 3.App 

Complete the Application

Step 4.What to Expect After You Apply 

Once approved, you will receive:

• Email communications from Land Bank Staff
• Once properties become available you will receive an email with the date and time of the open house. 
• Opportunity to make an offer only if you attend the open house.

Offers are approved by the UG County Administration

Step 5.Know What Happens if you Cannot Finish the Rehab 

If the rehabber cannot complete the rehab or stops the progress of the rehab, the Land Bank will give notice to continue or stop a project. Failure to comply will result in the WCLB canceling the agreement and deeding the property back to the Land Bank. 

Step 1.Know the Rules

It is important that you know what is in the agreement to be part of the Rehab Program.  

• Rehabbers will need to submit a clear time frame to complete rehab
• The rehabber will need to obtain City permits and provide copies to the Land Bank
• The WCLB will perform monthly inspections, reviewing progress of the rehab
• The rehabber will be required to a Hold Harmless Waiver
•  Any applicant currently on the Delinquent Real Estate Department’s “No-Bidders List” will be ineligible to join the program.  

   

Step 2.Show Enough Funds to Complete the Plan 

The WCLB will estimate a rehab expense in each offer application. This expense is valued at the livable square footage X $35.00.

This will be an estimate and should not be interpreted as the total amount that will be invested.

The rehabber must provide a letter from a lending institution stating they are qualified for the estimate amount or more. The rehabber can submit a bank statement showing those funds or any other official documentation showing the ability to fund the project.  

Step 3.Have the Right Insurance 

GENERAL LIABILITY COVERAGE with the following MINIMUM limits of liability:

• $1 million dollars each occurrence
• $2 million dollars general aggregate
• $2 million dollars products/completed operations aggregate
• $1 million dollars personal and advertising injury
• WORKERS COMPENSATION with statutory limits.

Step 4.Application 

Complete the Application

Step 5.What to Expect After You Apply 

Once approved, you will receive:

• Email Communications from the Land Bank staff.
• Once properties become available the rehabber will receive an email with the date and time of the open house. 
• Opportunity to make an offer only if the rehabber attends the open house.

Offers are approved by County Administration.

Step 6.Know What Happens if you Cannot Finish the Rehab 

If the rehabber cannot complete the rehab or stops the progress of the rehab, the Land Bank will give notice to continue or stop the project.  Failure to comply will result in the WCLB cancelling the agreement and deeding the property back to the Land Bank.