Gentrification and incentive-based land acquisition finance policies and strategies

Acquisition funds can be used to purchase property directly (by municipality, Land Bank Organization, Community Land Trusts or other related organizations) or provide sources for third parties (e.g. developers). Funding can be provided for organizations and individuals to obtain land in areas that are going under gentrification process.

Sources of funding provided for organizations can be grouped into two types: (1) Appropriation: A sum of money or total of assets devoted to a special purpose for example urban development. Funding allocations can be made on a regular basis by an authorizing body or a committee to (A) Federal, (B) State, and (C) Local organizations.

(2) Dedicated Funding: Are exclusively allocated to a particular service or purpose. All revenues from particular source will be available for use by a designated program. The difference is that in relation with appropriation, related plans vary from year to year. This variation may be due to other urgent budget needs, policy changes or political changes. Dedicated funding organization generally guarantees that all revenues from a specified source will be available for use by a designated program or entity.

This paper presents existing “Incentive-based Land Acquisition Finance Policies and Strategies”, and their analysis-orientedexplanations.