HB 1974: Establishing land banking authorities.
HB 1974 status: Introduced — Effective date 6/11/2026 (updated Mar 27, 2026).
What this bill does
Overall score
Bill summary
OfficialLawmakers are looking at a plan to create "land banks." These are official groups that take over empty, abandoned, or neglected properties to fix them up and put them to better use for the community. The bill is currently being discussed in the House.
Key analysis
Impact analysis
Environment
Benefits
- Reduction of urban blight
- Improved site remediation
Risks
- Potential environmental liability costs for acquired land
Economy
Benefits
- Stabilization of property values
- Increased potential for local tax revenue
Risks
- Risk of market distortion
- Public funding requirements for management
Society
Benefits
- Opportunity for community revitalization
- Potential for increased affordable housing stock
Risks
- Risk of displacement
- Potential for mismanagement of community assets
How trustworthy & consequential it is
Source
OpenStates
Confidence
lowlow
Analysis status
OpenStates summary
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Analysis based solely on summary; specific operational statutes are not reviewed.
Where it stands
Introduced
CurrentEffective date 6/11/2026.
Committee
UpcomingFloor
UpcomingGovernor
UpcomingEnacted
UpcomingHow it affects your district
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