The Buffalo Erie Niagara Land Improvement Corporation (BENLIC) is a government-created, not-for-profit corporation that strategically acquires tax-delinquent and abandoned properties in Erie County, New York. BENLIC works with all municipalities in the county to acquire residential properties and ensure they are brought to a code-compliant and livable condition, either through construction rehab or demolition. The organization aims to combat the negative effects of deteriorating properties and contribute to positive neighborhood change.
BENLIC, joined by 20 other land banks in New York State, acquires the majority of its inventory at tax foreclosure auctions, using a unique Priority Bid or Super Bid to automatically win properties by placing a bid in the amount of back-taxes owed. The organization is funded through settlements with major banks and shares proceeds from property sales with the local municipality, repaying public municipal costs and supporting ongoing operations for neighborhood revitalization.
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