Newburgh Community Land Bank
Newburgh Community Land Bank is a 501(c)(3) nonprofit that acquires, stabilizes, and resells vacant and abandoned properties in the City of Newburgh to first-time homebuyers, affordable housing developers, and nonprofit partners under the NYS Land Bank Act.
- Company typePrivate
- Founded2012
- HeadquartersNewburgh, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Newburgh Community Land Bank does
Newburgh Community Land Bank (NCLB) is a 501(c)(3) nonprofit land bank established in 2012 under the New York State Land Bank Act and headquartered at 15 Chambers Street, Newburgh, NY. The organization acquires vacant, abandoned, and tax-delinquent properties — primarily through bulk transfers from the City of Newburgh — stabilizes and remediated them, and transfers the assets to qualified buyers via RFP/RFA processes, real estate listings, and named programs such as House to Home (first-time homeownership at or under 80% Area Median Income) and Legacy Cities Access (developer disposition). It also operates the Artist in Vacancy creative placemaking initiative and co-runs the Downing Park Urban Farm.
The core operational model is built on a tightly integrated partner ecosystem rather than proprietary technology. Habitat for Humanity of Greater Newburgh has co-developed 22 properties; RUPCO has delivered two phases of the East End Apartments project totaling 106 affordable rental units, leveraging over $47 million in tax-credit-backed investment; PathStone provides homebuyer education and counseling; NYS HCR, the NYS Land Bank Initiative, and Restore NY supply the majority of capital. NCLB is governed by an 11-member Board of Directors chaired by Lisa Daily, with day-to-day operations led by Executive Director Jennifer Welles (appointed 2019) and Project Director Eric Talbott.
Revenue is non-recurring and project-based, drawn from three streams: (1) one-time property sales to individuals and developers (~$839K realized for Nov-Dec 2024, $900K projected for 2026); (2) competitive state and federal grants, including $2M from NYS HCR in 2025 and $2M from the NYS Land Bank Initiative in 2022; and (3) tax-deductible public donations through the 501(c)(3) vehicle. The proposed 2026 budget totals approximately $3.3 million in revenue against $3.09 million in expenses. The organization is subject to public authority reporting, Open Meetings Law, and Freedom of Information Law compliance, giving it higher transparency standards than typical nonprofits, and operates exclusively within the City of Newburgh.
Newburgh Community Land Bank firmographics
Firmographics- Name
- Newburgh Community Land Bank
- Legal name
- Newburgh Community Land Bank
- Website
- https://newburghcommunitylandbank.org
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Newburgh Community Land Bank is a 501(c)(3) nonprofit that acquires, stabilizes, and resells vacant and abandoned properties in the City of Newburgh to first-time homebuyers, affordable housing developers, and nonprofit partners under the NYS Land Bank Act.
- Ownership category
- akta.pro rank
Newburgh Community Land Bank industry classification
Industry- Product category
- Community Land Bank / Affordable Housing Development
- NAICS
- Land Subdivision (23721), New Housing For-Sale Builders (236117)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Community Development & Neighborhood Revitalization Housing Programs (FSALAKAO)
- akta.pro secondary industries
- Transitional/Development Land Brokerage (Entitled, In-Path-of-Growth) (BPAJADAJ), Land Acquisition, Lot Development & Construction Financing (AD&C) (FSALAHAI), Construction & Development (C&D) Lending — Commercial/Multifamily (FSALADAH)
Keywords
Where Newburgh Community Land Bank is headquartered
LocationHeadquarters
- HQ city
- Newburgh
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Newburgh Community Land Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Others
Revenue model
- Property Sales: Revenue generated from sale of renovated and affordable properties to qualified buyers including first-time homebuyers and developers
- NYS Land Bank Initiative Grants: Competitive state grants covering costs of stabilization, environmental remediation, renovation and demolition for vacant/abandoned properties. $50 Million allocated statewide in 2022.
- Competitive Grant Funding: NCLB competes for state, federal and private grant funds including Restore NY, Legacy Cities, and other housing development programs
- Donations: The organization is a 501(c)(3) and accepts tax-deductible donations from the public to support affordable housing and community building in Newburgh
Go-to-market motion1 record
Distribution channels5 records
Marketing channels8 records
Newburgh Community Land Bank product offering
Product offeringCore offering
Newburgh Community Land Bank acquires vacant, abandoned, and tax-delinquent properties in the City of Newburgh, stabilizes and renovates them, and transfers them to qualified buyers — including first-time homebuyers through the House to Home Program and developers through RFP/RFA processes, the Legacy Cities Access Program, and partnerships with non-profit developers such as Habitat for Humanity and RUPCO. It also operates ancillary community programs including Artist in Vacancy and the Downing Park Urban Farm.
Product overview
Newburgh Community Land Bank operates as a non-profit land bank organization offering property acquisition, stabilization, and disposition services. The organization manages a portfolio of vacant and abandoned properties in the City of Newburgh through several interconnected programs: the House to Home Program (homeownership for first-time buyers at 80% AMI), a partnership with Habitat for Humanity (22+ properties developed), East End Apartments (affordable rental housing with RUPCO creating 106 total units), the Artist in Vacancy creative initiative, and the Downing Park Urban Farm community program. Properties are acquired from the City of Newburgh, stabilized and renovated, then sold through various disposition channels including RFP processes, real estate listings, and program-specific sales to qualified buyers.
Differentiator
Problem solved
Functional benefit
Products and services
- House to Home Program Homeownership program helping City of Newburgh residents become first-time homebuyers by making fully renovated residences available for owner-occupancy. Preference given to households at or under 80% Area Median Income. PathStone facilitates intake, homebuyer education, counseling, and referrals to down payment/closing cost assistance.
- Habitat for Humanity Partnership Partnership with Habitat for Humanity of Greater Newburgh to create high-quality, affordable homeownership opportunities. NCLB transfers properties to Habitat for renovation and resale to qualified buyers.
- East End Apartments Affordable rental housing initiative delivered in partnership with RUPCO (regional non-profit developer) and Safe Harbors of the Hudson. East End I created 45 units and East End II added 61 units, all with varying levels of affordability and income restrictions, leveraging Low Income Housing Tax Credits and Historic Tax Credits.
- Artist in Vacancy Creative initiative addressing vacancy and abandonment by re-imagining vacant sites as places for community engagement, artistic production, and cultural research, including the Dia Teens Program component with Dia Arts Foundation.
- Downing Park Urban Farm Urban farming initiative in partnership with the Downing Park Planning Committee to restore greenhouse activity and provide residents pathways to self-sufficient food production.
- Property Acquisition and Disposition Core land bank service acquiring vacant and abandoned properties (including tax-delinquent properties) from the City of Newburgh, stabilizing and renovating them, and transferring them to qualified developers and homeowners through the House to Home Program, Legacy Cities Access Program, RFP/RFA processes, or real estate listings.
Quantifiable outcome
- 106 affordable rental units created through East End I partnership with RUPCO
- +4 more outcomes
Companies that use Newburgh Community Land Bank
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles3 records
Newburgh Community Land Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Newburgh Community Land Bank partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core, supporting and minor.
- Habitat for Humanity of Greater NewburghcoreLong-standing partnership creating high quality affordable homeownership opportunities. To date, NCLB has partnered with Habitat on 22 properties on William St, South Miller, N. Miller, and Johnston St. Properties are transferred to Habitat for renovation and resale to qualified buyers.
- RUPCOcoreMajor partnership for East End I and East End II affordable housing projects. RUPCO, a regional non-profit developer, purchased properties from NCLB, assembled development teams, and secured Low Income Housing Tax Credits and Historic Tax Credits to fully rehabilitate properties. East End I created 45 units; East End II created 61 units. Project leveraged $47 Million+ in investment.
- Safe Harbors of the HudsonsupportingNon-profit housing and arts organization that manages East End I properties locally as part of the NYS Governor Andrew Cuomo's CORe program coordination.
- PathStonecoreNCLB's partner for home buyer education and counseling, as well as referrals to lenders offering low interest loans and down payment/closing cost assistance programs. PathStone evaluates House to Home program applicants and facilitates intake process.
- City of NewburghcoreNCLB works in partnership with City of Newburgh to revitalize neighborhoods. City representatives serve on NCLB Board by virtue of their office. NCLB acquires most properties through direct sale from City in bulk acquisitions once or twice yearly.
- Open Structure LLCsupportingArchitecture firm engaged for conceptual plans and layouts for Restore NY 72-76-78 Lander project and Lander Street infill construction. Provided scale models and streetscape renderings exploring building compositions.
- Greater Newburgh Parks ConservancyminorPotential partnership for creating community green spaces on vacant lots NCLB may acquire from the City. Greenspaces would be activated through professional landscape architects, arborists, and volunteers. Partnership includes Environmental Justice Fellows collaboration for tree planting.
- BJH Advisors / BJHsupportingDeveloper partner for 143 Washington St project - MWBE certified emerging developer proposing 15 residential unit affordable housing development at 50% and 65% AMI with ESSHI partnership with Osborne Association.
- Newburgh MinistriesminorPotential partnership for 154 Third St property improvements including bathroom renovations, fire escape, sprinkler/fire alarm systems to enable homeless shelter operation.
- Dia Arts FoundationsupportingSupporting organization for Artist in Vacancy program, specifically the Dia Teens Program component.
- Carlos Arturo ContractingsupportingContractor for 140 Chambers St stabilization and building repairs. Awarded bid at $193,414.32 for complete scope including stucco panel repairs and structural work.
- Lemle & Wolff d/b/a Alltype Maintenance CorpsupportingNYC-based contractor selected for 128 Dubois framing repairs ($128,000 bid) and 44 S Miller St project. Firm is based in Bronx, owns/manages large portfolio in NYC with two related construction companies.
- EFPR GroupsupportingAuditing firm providing annual financial audits. Presented FY24 audit results with unmodified (clean) opinion. Total assets increased $547,000 over prior year.
Scale indicators9 records
Recent moves7 records
Expansion highlights6 records
Newburgh Community Land Bank competitors and assessment
Company assessmentDirect peers
- City of Syracuse Land Bank: New York State land bank established under the same NYS Land Bank Act, addressing vacant property in the City of Syracuse. Directly comparable as a same-state peer with similar property disposition and partnership-based affordable housing programs.
- Philadelphia Land Bank: City of Philadelphia land bank that acquires vacant, abandoned, and tax-delinquent properties for disposition to support affordable housing and neighborhood revitalization. Comparable disposition programs including side/yard and homeownership programs.
- Detroit Land Bank Authority: Michigan land bank authority focused on acquiring, stabilizing, and disposing vacant/abandoned properties in Detroit — a classic legacy city. Closest direct peer at larger scale, with similar mission and disposition programs.
- Rochester Land Bank: New York State land bank established under the NYS Land Bank Act serving the City of Rochester. Highly comparable in regulatory framework, mission, and property disposition approach to legacy-city neighborhood revitalization.
- Cuyahoga Land Bank: Ohio county land bank serving Cuyahoga County (Cleveland area) with property acquisition, demolition, and disposition programs for vacant and tax-delinquent properties. Comparable legacy-city revitalization model with similar disposition channels.
- St. Louis Land Reutilization Authority: Missouri land reutilization authority serving the City of St. Louis, focused on acquiring tax-foreclosed and abandoned properties for redevelopment. Direct peer operating a similar land banking model in a legacy urban context.
- Buffalo Erie Niagara Land Improvement Corporation: New York State land bank operating under the same NYS Land Bank Act as NCLB, focused on vacant and abandoned property disposition in the Buffalo/Erie County area. Highly comparable operating model, regulatory framework, and program structure.
- Hamilton County Land Reutilization Corporation (Cincinnati): Ohio county land reutilization corporation (land bank) serving Hamilton County and the City of Cincinnati. Direct peer operating the same statutory land bank model with comparable property disposition and affordable housing programs.
- Mahoning County Land Bank: Ohio county land bank serving the Youngstown/Warren area — another legacy post-industrial city. Comparable in addressing population loss and vacant property blight through acquisition, demolition, and disposition programs.
- Genesee County Land Bank Authority: Michigan county land bank serving Flint/Genesee County, focused on blight elimination and property redevelopment. Direct peer in the legacy-city land bank space with comparable statutory framework and programs.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Newburgh Community Land Bank social profiles
Digital presenceNewburgh Community Land Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Newburgh Community Land Bank leadership team
Management profileNumber of profiles
Profiles11 records
Newburgh Community Land Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Newburgh Community Land Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Newburgh Community Land Bank
What does Newburgh Community Land Bank do?
Newburgh Community Land Bank acquires vacant, abandoned, and tax-delinquent properties in the City of Newburgh, stabilizes and renovates them, and transfers them to qualified buyers — including first-time homebuyers through the House to Home Program and developers through RFP/RFA processes, the Legacy Cities Access Program, and partnerships with non-profit developers such as Habitat for Humanity and RUPCO. It also operates ancillary community programs including Artist in Vacancy and the Downing Park Urban Farm.
Is Newburgh Community Land Bank a public or private company?
Newburgh Community Land Bank is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Newburgh Community Land Bank founded?
Newburgh Community Land Bank was founded in 2012. It employs 11 to 50 people.
Where is Newburgh Community Land Bank based?
Newburgh Community Land Bank is headquartered in Newburgh, United States, in the North America region.
How does Newburgh Community Land Bank make money?
Four revenue lines are on record. Property Sales are the primary driver. The others are NYS Land Bank Initiative Grants, competitive Grant Funding and donations.
Who are Newburgh Community Land Bank's main competitors?
Direct peers on record are City of Syracuse Land Bank, Philadelphia Land Bank, Detroit Land Bank Authority, Rochester Land Bank, Cuyahoga Land Bank, St. Louis Land Reutilization Authority, Buffalo Erie Niagara Land Improvement Corporation, Hamilton County Land Reutilization Corporation (Cincinnati), Mahoning County Land Bank and Genesee County Land Bank Authority.
Does Newburgh Community Land Bank have an API?
No public API is recorded for Newburgh Community Land Bank.
What industry is Newburgh Community Land Bank in?
Newburgh Community Land Bank's product category is Community Land Bank / Affordable Housing Development. Its primary akta.pro industry code is FSALAKAO, Community Development & Neighborhood Revitalization Housing Programs, with a secondary code of BPAJADAJ, Transitional/Development Land Brokerage (Entitled, In-Path-of-Growth). Its NAICS code is 23721 and its SIC code is 6552.