Albany County Land Bank

Name

Albany County Land Bank

Legal name

Albany County Land Bank Corporation

Website

https://albanycountylandbank.org

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Community Land Bank / Vacant Property Redevelopment Services

NAICS

New Housing For-Sale Builders (236117)

SIC

Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

Keywords

• Vacant property acquisition
• Land bank services
• Affordable housing development
• Community revitalization
• Tax-foreclosed properties

Headquarters

HQ city

Albany

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Others

Revenue model

1. Property Sales: The Land Bank generates revenue through the sale of renovated and redeveloped properties to qualified buyers including first-time homebuyers and developers. Properties are sold at varying price points depending on condition and location.
2. Application Processing: The Land Bank collects a $50 processing fee per applicant or partner for property purchase applications.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Albany County Land Bank acquires tax-foreclosed, vacant, and abandoned properties throughout Albany County and resells them to responsible buyers via a monthly sales cycle and multi-layered application review. The organization runs multiple programs (First-Time Homebuyer, Lots for Less, Residential Side Lot, Equitable Ownership, Inclusive Neighborhoods, Legacy City Access) and orchestrates neighborhood-scale redevelopment projects such as the South End Housing Development, West Hill Neighborhood, and the Urban Infill Affordable Homeownership Pilot, partnering with MWBE developers, nonprofits, CDFIs, and state housing agencies.

Product overview

Albany County Land Bank Corporation is a not-for-profit dedicated to revitalizing neighborhoods by acquiring tax-foreclosed, vacant, or abandoned properties throughout Albany County. The organization operates a Property Sales Program with monthly sales cycles, supported by programs including the First-Time Homebuyer Program, Lots for Less Program, Residential Side Lot Program, Equitable Ownership Program, and Inclusive Neighborhoods Program. Key initiatives include the Legacy City Access Program (connecting with MWBE enterprises for rehabilitation) and the Urban Infill Affordable Homeownership Pilot Project (small footprint homes via workforce development partnerships). Major redevelopment projects span the South End Housing Development (160+ units), West Hill Neighborhood Development, and Ontario St/West St Cluster Development. The organization also operates ACLB Holdings LLC as a subsidiary entity. Property management and applications are facilitated through external platforms.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Sales Program Monthly sales cycle offering tax-foreclosed, vacant, and abandoned properties throughout Albany County; applications are reviewed through a multi-layered process to identify responsible buyers, and sales are subject to Board approval.
• First-Time Homebuyer Program Program that prepares first-time homebuyers to purchase Land Bank properties at affordable prices, with buyer-readiness counseling, grant qualification, and connections to mortgage providers.
• Lots for Less Program Rolling-application program that makes vacant land accessible to adjacent property owners and developers at reduced prices (lots listed from $100 to $2,500).
• Residential Side Lot Program Program selling side lots to adjacent property owners for the expansion of yards, gardens, or other beneficial uses.
• Equitable Ownership Program Program designed to provide equitable access to property ownership opportunities for underserved communities.
• Inclusive Neighborhoods Program Program aimed at creating inclusive neighborhoods through strategic property development and community engagement.
• Legacy City Access Program Program connecting the Land Bank with MWBE (minority- and women-owned business enterprise) developers to rehabilitate existing buildings into affordable housing, supported by NYSHCR per-unit subsidy funding.
• Urban Infill Affordable Homeownership Pilot Project Small-footprint (approximately 1,190 sq ft) two-story, three-bedroom, one-bath affordable home prototype designed for smaller, narrower vacant lots in historic neighborhoods, built through a workforce development partnership with SEAT Center YouthBuild Albany.
• South End Housing Development Major redevelopment initiative in the historic South End of the City of Albany, developing more than 160 units of new affordable housing through multiple development partners.
• West Hill Neighborhood Development Redevelopment initiative in the West Hill neighborhood including construction of up to 17 homes and rehabilitation of properties such as 257 Second Street.
• Ontario St and West St Cluster Development Mixed-use development opportunity on approximately 1.86 acres in the Beverwyck neighborhood, comprising four tax-foreclosed properties totaling 81,021 square feet, with potential for mixed-income housing and Community Hub space.

Quantifiable outcome

• Returned more than 1,000 properties to tax rolls since 2014
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• JKE Development LLCcoreStrategic or Co-development Partner · 16 July 2024MWBE developer rehabilitating three two-family buildings under Legacy City Access Program. The project provides resources to enable the developer to facilitate rehabilitation of properties for income-qualified first-time homebuyers.
• Affordable Housing Partnership (AHP)coreImplementation/ SI/ Consulting Partner · 16 July 2024Provides first-time homebuyer counseling, qualifying buyers for grants, and connecting buyers with mortgage providers. Tasked with getting first-time homebuyers buyer-ready for Land Bank properties.
• JAW HousingminorStrategic or Co-development Partner · 16 July 2024Partner providing affordable housing development services for first-time homebuyers, transforming properties and contributing to community growth.
• Social Enterprise and Training (SEAT) CentercoreStrategic or Co-development Partner · 10 August 2023SEAT Center is a non-profit that connects underrepresented young people to meaningful work through programs including YouthBuild. They provide workforce development training by building affordable homes with YouthBuild Albany participants. The Land Bank provides vacant lots for construction projects.
• YouthBuild AlbanycoreStrategic or Co-development Partner · 10 August 2023YouthBuild program helping transform the lives of young people ages 18-24 through training, community service, and sustainable wage jobs. Participants learn construction skills while building new affordable homes and obtaining high school equivalency diplomas.
• MLB ConstructionminorImplementation/ SI/ Consulting Partner · 10 August 2023Construction company that built walls off-site for the affordable home prototype at 360 Sheridan Avenue, delivered them, and provides mentorship and support to YouthBuild participants.
• City of AlbanycoreStrategic or Co-development PartnerCity collaborates with Land Bank on affordable housing projects across neighborhoods including Arbor Hill, West Hill, and South End. Provides ARPA funding and other support.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Philadelphia Land Bank: City of Philadelphia's land bank for acquiring and disposing of vacant, tax-delinquent properties; comparable statutory authority and side-lot/first-time homebuyer programming though operating at much larger urban scale.
• Cuyahoga Land Bank: Cleveland-area Ohio land bank with demolition, rehabilitation, side-lot, and affordable housing disposition programs; directly comparable operational model with strong emphasis on neighborhood stabilization.
• Greater Syracuse Land Bank: Syracuse-area NY land bank executing residential property acquisition, rehabilitation, and disposition under the same state statute; directly comparable mission, customer base (first-time homebuyers, MWBE developers), and product offering.
• Detroit Land Bank Authority: Large municipal land bank that acquires, rehabilitates, and resells tax-foreclosed vacant properties at scale — among the most operationally mature US land banks and a useful benchmark for pipeline scale, side-lot programs, and public-private partnership models.
• Genesee County Land Bank: Another New York State land bank operating under the same NY Land Bank Act, acquiring tax-foreclosed vacant properties and returning them to productive use through rehabilitation, demolition, and side-lot programs — the closest comparable mission and statutory framework.
• Land Bank of Troy: Troy, NY land bank operating in close geographic proximity to Albany County with a similar small-city vacant property revitalization mission; useful as a near-peer for programmatic design comparison.

Others

• Enterprise Community Partners: National nonprofit that funds and supports affordable housing and community development initiatives across NY; not a direct competitor but a thematic peer and likely funder/advisor for NY land banks pursuing scaled affordable housing production.
• Home HeadQuarters: Syracuse-based nonprofit CDFI providing construction financing and first-time homebuyer mortgages; already a direct partner of ACLB and a key enabler in the Capital Region affordable housing finance ecosystem.

Regional players

• Buffalo Urban Renewal Agency (BURA): Buffalo-based public entity performing vacant property acquisition, demolition, and affordable housing redevelopment in another upstate NY legacy city; comparable in mission and target neighborhoods but functions more as a municipal redevelopment agency than a non-profit land bank.

Broad incumbents

• Habitat for Humanity of the Capital Region: Regional Habitat affiliate that acquires, rehabilitates, and sells affordable homes to income-qualified buyers; overlaps on first-time homebuyer programming and affordable housing supply, but operates through volunteer-driven new construction rather than a land-bank model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@albanycountylandbank
• Instagraminstagram.com/albanycountylandbank
• Xx.com/albcolandbank

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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 Albany County Land Bank