Which of the following best describes the activities of a land bank authority? A

Question

Which of the following best describes the activities of a land bank authority?

A. it accepts deposits of cash or securities in exchange for property tax reductions
B. it oversees and authorizes all real and personal property transactions in the city
C. it spends most of its time initiating tax foreclosures on tax-delinquent properties
D. it serves as a clearinghouse for most real property transactions in the City
E.None of the above

Which of the following is an approach to central city new housing development?

A. quick take statues
B. Proposal A
C. Renaissance Zones
D. Empowerment Zones
E. None of the above

Explanation / Answer

B. it oversees and authorizes all real and personal property transactions in the city C. Renaissance Zones

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