Finger Lakes Regional Land Bank

What Finger Lakes Regional Land Bank does

Finger Lakes Regional Land Bank Corporation (FLRLBC) is a New York State not-for-profit land bank incorporated in 2015 and designated by Empire State Development as the 11th land bank in the state. Created by and operating from the Seneca County Department of Planning & Community Development, the organization acquires, stabilizes, demolishes, and redistributes vacant, blighted, and tax-abandoned properties within Seneca County. Its core service is property turnaround: leveraging grant funding and partner capacity to return distressed real estate to productive use in alignment with local municipalities' redevelopment and comprehensive plans.

FLRLBC's product is operational rather than technological — the company manages a pipeline of distressed properties and routes them to co-development partners including Habitat for Humanity of Seneca County, Seneca Housing Inc., FLACRA, and Seneca County municipalities. Disposition occurs through direct sales, side-lot sales, RFP-based listings, co-development agreements, and preferential transfers to nonprofit housing developers. The organization maintains a board of directors and a small executive staff (CEO/President, CFO, Secretary) housed at the Seneca County Office Building in Waterloo, New York.

Revenue is generated entirely through property disposition proceeds, government grants (New York State HCR Land Bank Initiative, Governor Hochul's statewide $26M land bank grant program, Enterprise Community Partners, LISC), and donations from institutions such as Wells Fargo and Generations Bank. As a public-purpose nonprofit, no commercial pricing is published. The organization is governed by a board representing Seneca County municipalities, with the CEO dual-hatting as Deputy Director of Seneca County Planning, ensuring structural alignment with its county government parent.

Name

Finger Lakes Regional Land Bank

Legal name

Finger Lakes Regional Land Bank Corporation

Website

https://flrlandbank.org

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Finger Lakes Regional Land Bank Corporation acquires, stabilizes, and redistributes vacant, blighted, and tax-abandoned properties within Seneca County, New York. It is a 2015-established not-for-profit land bank that partners with Habitat for Humanity, Seneca Housing Inc., and FLACRA to return distressed real estate to productive use.

Ownership category

akta.pro rank

Product category

Community Land Banking

NAICS

Waste Management and Remediation Services (562)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro industry

PRIMARYBPAIANAI

Urban Renewal, Brownfield Redevelopment & Land Reuse

Business & Public Services/Public Sector & Government Administration/Housing, Urban Planning & Community Development

SECONDARYBPAIANAE

Community Development & Neighborhood Revitalization (CDBG, Place-Based Initiatives)

Business & Public Services/Public Sector & Government Administration/Housing, Urban Planning & Community Development

SECONDARYEUAIALAI

Brownfield Redevelopment & Land Reclamation (Cleanup for Reuse, Risk-Based Closure)

Energy, Utilities & Environment/Environmental Services (Waste Management, Recycling & Remediation)/Remediation Services (Soil, Groundwater, Sediment)

SECONDARYBPALAKAA

Brownfield Site Assessment & Remediation

Business & Public Services/Waste Management & Remediation Services/Environmental Remediation & Site Cleanup (Soil/Groundwater)

SECONDARYFSALAKAO

Community Development & Neighborhood Revitalization Housing Programs

Financial & Insurance/Mortgage & Housing Finance/Housing Finance Agencies & Government-Sponsored Housing Programs

Keywords

• Land banking services
• Property acquisition
• Blight remediation
• Affordable housing development
• Community revitalization

Headquarters

HQ city

Waterloo

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Others

Distribution channels4 records

Marketing channels2 records

Core offering

Finger Lakes Regional Land Bank Corporation acquires, improves, and redistributes vacant, blighted, and tax-abandoned properties in Seneca County, NY to eliminate harms and liabilities caused by distressed real estate and return such parcels to productive use. The organization stabilizes or demolishes acquired properties using grant funding and partners with housing developers and nonprofits (Habitat for Humanity of Seneca County, Seneca Housing Inc., FLACRA) so that properties typically result in new or substantially rehabilitated housing opportunities consistent with local municipalities' redevelopment and comprehensive plans.

Product overview

Finger Lakes Regional Land Bank is a not-for-profit land bank corporation that operates as a single, unified service offering focused on community revitalization. Rather than a technology product platform, the organization provides land banking services including acquisition of distressed, tax delinquent, and abandoned properties; property stabilization and demolition; and redistribution of properties to productive use through partnerships with housing organizations. The organization leverages grant funding to facilitate projects that result in new or substantially rehabbed housing opportunities. As a land bank created by Seneca County under New York State Not-for-Profit Corporation Law in 2015, its core offering is the acquisition, improvement, and disposition of real property—not a software product or technology platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Distressed Property Acquisition and Disposition Acquisition of tax-delinquent, vacant, blighted, and abandoned real property in Seneca County followed by disposition to productive use through direct sale, municipal transfer, or co-development.
• Property Stabilization and Demolition Stabilization or demolition of distressed properties acquired by the land bank, leveraging grant funding and contracted environmental, architectural, and maintenance service providers.
• Affordable Housing Co-Development Agreements Co-development agreements that transfer land bank-acquired parcels to affordable housing developers and nonprofits such as Habitat for Humanity of Seneca County and Seneca Housing Inc. for construction or substantial rehabilitation of housing.

Quantifiable outcome

• Elimination of blight and return of distressed properties to productive use
• +2 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

13 partnerships are on record, tiered core and minor.

• Seneca CountycoreStrategic or Co-development PartnerFLRLBC was created by Seneca County and operates from its Department of Planning & Community Development. The organization accepts property transfers from the county and collaborates on land banking services.
• Seneca Housing Inc.coreStrategic or Co-development PartnerKey housing development partner receiving LBI Grant funds for construction of properties at 2125 W. Seneca St. and 1473 Pleasant St. Collaborates on affordable housing opportunities.
• Habitat for Humanity of Seneca CountycoreStrategic or Co-development PartnerLong-standing co-development partner for housing renovation and construction. Multiple active projects including 33 Taylor Avenue Waterloo, 108 Mynderse Street, and various rehabilitation projects.
• FLACRAminorStrategic or Co-development PartnerReceives property transfers including 17 S Walnut Street and 55 Washington Street in Waterloo for redevelopment purposes.
• Seneca County Code EnforcementminorStrategic or Co-development PartnerCollaborative partner in identifying and addressing distressed and blighted properties within Seneca County.
• Seneca County Towns and VillagescoreStrategic or Co-development PartnerCollaborative incorporation of strategic planning, housing, brownfield, and economic development initiatives into land bank operations across all Seneca County municipalities.
• New York Land Bank AssociationminorOthersFLRLBC is a member organization providing industry representation and networking for land banks across New York State.
• Bowers & Company CPAs PLLCminorImplementation/ SI/ Consulting PartnerAppointed as accountants for the organization, providing audit and financial statement services.
• AMD Environmental ConsultantsminorImplementation/ SI/ Consulting PartnerProvides Phase II Environmental Site Assessments and environmental consulting services for land bank properties.
• MozaicminorImplementation/ SI/ Consulting PartnerProvides lawn maintenance services for land bank properties under annual service agreements.
• INEX ArchitectureminorImplementation/ SI/ Consulting PartnerProvides architectural consulting and design services for rehabilitation and redevelopment projects.
• Red Clover Consulting, LLCminorImplementation/ SI/ Consulting PartnerProvides consulting services under contract with the organization.
• Foundation Design P.C.minorImplementation/ SI/ Consulting PartnerProvides professional services for foundation design on rehabilitation projects.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Genesee County Land Bank Corporation: Another NY State chartered land bank corporation operating under the same Not-for-Profit Corporation Law framework, performing the same acquisition-stabilization-disposition cycle on distressed and tax-foreclosed properties at county scale.
• City of Rochester Land Bank Corporation: NY State-chartered land bank serving a single jurisdiction with comparable mission, legal structure, and grant dependencies. Differs only in geography and urban-versus-rural context, making it the closest functional peer.
• Erie County Land Bank Corporation: County-scale NY land bank chartered under the same state framework, focused on tax-delinquent and abandoned property remediation in Western NY, with similar reliance on state Land Bank Initiative grants.
• Onondaga County Land Bank: Another Finger Lakes / Central NY-adjacent land bank operating with identical NY State Not-for-Profit Corporation Law charter, acquisition disposition model, and partnership-with-housing-developers structure.

Broad incumbents

• Cuyahoga Land Bank: One of the largest and most established county land banks in the U.S., providing a comparable operational template (acquisition, demolition, rehab, disposition) at a different geographic scale, useful as a benchmark for senior staff and grantor audiences.
• Detroit Land Bank Authority: A larger, urban-focused land bank authority with a broader portfolio and more diversified revenue, sharing the same core distressed-property acquisition and disposition mission but operating at significantly greater scale.

Regional players

• Genesee Valley Land Trust: Regional Finger Lakes nonprofit focused on conservation land holdings, providing an adjacent model of nonprofit real-asset stewardship that shares operating geography and stakeholder base with FLRLBC but a different mission.

Emerging players

• Habitat for Humanity of Seneca County: FLRLBC's core co-development partner and counterparty on multiple rehabilitation projects; comparable in regional focus but distinct in being a builder/developer rather than a property-acquisition intermediary.

Others

• Center for Community Progress: National nonprofit that supports land banks and vacant-property revitalizers through technical assistance and policy work; functions as an industry ecosystem enabler rather than a direct competitor.
• Local Initiatives Support Corporation (LISC): National CDFI and capacity-building funder that provides the Land Bank Community Revitalization Program grants to FLRLBC; an ecosystem-level capital provider rather than a peer, but materially shapes competitive funding access.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@FingerLakesRegionalLandBank

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Finger Lakes Regional Land Bank