The Landbank Authority represents a cooperative effort by all the major taxing authorities in Louisville Metro to deal with the challenges of unoccupied, neglected, tax-delinquent properties throughout the community.

The Landbank Authority acquires, manages and sells distressed properties and vacant unimproved parcels to responsible developers who can affect increased property values and stimulate the tax base.

Key advantages of the Landbank Authority include merging property tax liens and other miscellaneous liens with title and extinguishing them to benefit subsequent buyers. As such, the Landbank Authority is an efficient, economic and powerful redevelopment tool that makes properties available for sale with clear and marketable title.

The 1988 Kentucky General Assembly enacted legislation permitting the City of Louisville, the County of Jefferson, the Jefferson County School District and the State of Kentucky to join together to establish an agency called the Louisville and Jefferson County Landbank Authority, Inc.