Committee reviews substitute for land‑bank bill to speed redevelopment of tax‑lien properties Senators discussed an extensive substitute for SB204 to authorize multi‑jurisdictional land banks, shorten certain redemption periods, allow acquisition of tax‑lien properties at auction and temporarily exempt land‑bank property from taxes to finance redevelopment; members were asked to review the long substitute and propose clarifications.

Senator Coleman Madison has unveiled a game-changing substitute for SB204 that could transform abandoned properties into thriving spaces by empowering land banks and streamlining the redevelopment process.

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#AL #RedevelopmentInitiatives #TaxLienReform #CommunityInvestment

Louisiana legislature updates regulations on tax lien property transactions Lawmakers prohibit rental charges on properties under tax liens until rights are terminated.

Louisiana's Senate Bill 55 could reshape the landscape for struggling homeowners by prohibiting tax lien holders from charging rent until their rights are legally terminated.

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#LA #CitizenPortal #TaxLienReform #LouisianaPropertyOwners #HomeownerProtection