National Objective. Slum and blight: Acquisition and demolition of vacant and foreclosed homes that meet the NSP definition of slum and blight. After acquisition and demolition, the property will be placed in a land bank established by the CITY for the purposes of holding the properties vacated by actions under this grant for up to 10 years or until redeveloped.
Appears in 2 contracts
Sources: Cooperative Agreement, Cooperative Agreement