When the City of Topeka launched its ambitious Land Bank Pilot Program in 2023, the goal was clear: take abandoned, blighted properties and turn them into productive community assets. The city allocated $500,000 over three years to jumpstart the program, hoping to breathe new life into neglected neighborhoods and spur affordable housing development.
But so far, in 2024, the results have been—let’s just say—underwhelming.
One Sale, One Year, $500
Despite the big vision and funding behind the program, the Topeka Land Bank has managed to sell just one property this year. The price? A staggering $500.
That’s right. In a city where the cost of even a fixer-upper far exceeds that, the Land Bank’s total sales revenue in 2024 amounts to about what you’d pay for a used laptop to research what a Land Bank is.
So, what’s going on?
The Land Bank’s Mission: A Work in Progress
The Land Bank was designed to take over vacant or abandoned properties, clear ownership hurdles, and get them into the hands of developers or community groups that could put them to good use. It’s part of a larger effort to address Topeka’s housing shortage and create more affordable homeownership opportunities.
On paper, it makes sense. Across the country, land banks have been successfully used to combat urban decay, bring in new residents, and boost local economies. Kansas City, St. Louis, and Cleveland have all seen positive results from similar programs.
Topeka’s version has already acquired several lots and transferred them into the Land Bank’s control. The idea is to turn these lots into affordable housing developments that strengthen neighborhoods and drive economic growth.
So Why Hasn’t It Worked Yet?
A few factors could explain why sales are lagging:
- Red Tape & Regulations: Land Bank properties often come with legal and zoning complications that slow down the selling process.
- Market Uncertainty: Developers may be hesitant to invest in lots that require significant rehabilitation or infrastructure work.
- Lack of Public Awareness: Many Topeka residents don’t even know these properties are available for purchase or redevelopment. (You can find which properties are for sale on the Land Bank Page by clicking here)
Can the Program Turn Things Around?
City officials remain optimistic, pointing out that the Land Bank is still in its early stages. They expect more sales as awareness grows and as local builders and organizations become more comfortable working within the program.
There’s also the matter of community engagement. Topeka has been pushing for greater transparency, with public meetings and updates available online. But if no one is applying to buy these properties, then all the meetings in the world won’t change the fact that the Land Bank needs buyers.
For now, the city’s $500,000 investment has yielded just $500 in return. But with time, adjustments, and some creative solutions, Topeka’s Land Bank still has a chance to turn vacant lots into vibrant homes—and that’s a vision worth keeping an eye on.
