- Associated Press - Wednesday, November 4, 2015

MEMPHIS, Tenn. (AP) - The Memphis City Council has approved a resolution to create a nonprofit land bank to aid in fighting blight.

The Commercial Appeal reports (http://bit.ly/1ksd7rS) the council approved the resolution for the Blight Authority of Memphis Inc. on Tuesday. The bank will have access to up to $7 million in federal grant funds, awarded through the Tennessee Housing Development Agency.

Councilman Berlin Boyd says the money is only available for nonprofit groups, thus necessitating the creation of the authority to apply for the money.

The Blight Authority of Memphis will be an entity that can acquire real estate with blighted structures and apply for grants to tear those structures down.

In August, officials made the announcement that the agency’s grant funds were available to nonprofit groups.


Information from: The Commercial Appeal, http://www.commercialappeal.com



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