The Waterbury Land Bank Authority is a vehicle for supporting broader community development.
The Waterbury Land Bank Authority (“WLB”) works to enhance the quality of life for Waterbury residents. We do this by repurposing vacant lots and structures into new community assets. We work closely with the City of Waterbury, other community nonprofits, and local businesses to catalyze neighborhood investments. Our priorities include infill housing, housing rehabilitation, community greening projects, and expanding Waterbury’s tree canopy. Our work promotes a mix of housing options, reduces blight, and clears dilapidated structures to allow new development.
The mission for the Waterbury Land Bank is “To strengthen neighborhoods by returning distressed property to productive use, promoting economic development, increasing real property values, and improving the quality of life for Waterbury residents.”
Bulletin Board
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Invitation To Bid - RFP - Property Condition Assessment The Waterbury Land Bank Authority (“WLB”) is seeking proposal bids and qualifications from qualified property inspection firms to provide real property inspection services for the WLB Condition Assessment program. The Condition Assessment program is being implemented to assess the physical condition of approximately 289 properties in several Waterbury neighborhoods concentrated around the Waterbury Central Business District. Release of the RFP is May 18, 2023. Perspective bidders shall submit their sealed bids to the Waterbury Land Bank Authority by June 28, 2023. The RFP will also be posted within the Waterbury Republican-American from Thursday, May 18, 2023 to Wednesday, May 24, 2023. Please refer to the link below for the full RFP including specific details and timing requirements as outlined:
The RFP may be obtained by potential bidders here: |
Featured Properties
ACQUIRING A PROPERTY
There are a variety of opportunities through the Waterbury Land Bank, with programs that make acquiring a property very accessible. Explore our programs and services to see how affordable it is to join in the growth of Waterbury.
NEIGHBORHOODS WHERE WE WORK
The Waterbury Land Bank Authority geographical target is the City of Waterbury.
Our overall objectives include:
- To develop in-fill housing that increases the supply of affordable housing and increases community equity for new owner-occupants.
- To reduce density in neighborhoods through strategic demolition of blighted properties, therefore, providing more air, light, and space between properties.
- To promote housing rehabilitation, creating more affordable housing or better living conditions for Waterbury residents.
- To convert vacant lots into useable space such as off-street accessory parking, or community gardens for residents to produce healthy foods where food scarcity may exist.
- To increase the urban tree canopy and improve the natural resiliency by planting native trees and shrubs on selected non-developable land slivers.
- To promote our Side Lot Program and sell or transfer vacant lots (land slivers and others) to responsible adjoining property owners.
Our activities will predominantly serve “disproportionately impacted” or “impacted” neighborhood areas or households.
“Disproportionately impacted” households include households earning less than 40% of area median income (AMI) or households at 150% of poverty guidelines.
“Impacted” households include households earning less than 65% the area median income or households at 300% of poverty guidelines.
Area Median Income, or AMI, is a statistic published HUD that estimates the median wealth of households in a specific area. AMI is used to determine qualification for a variety of housing programs, including Section 8 programs, as well as to determine eligibility for LIHTC credits.
The Waterbury Land Bank has identified 13 neighborhoods close to downtown, where incidences of blighted and dilapidated housing appear to be are greatest. The map illustration shows the neighborhoods in Waterbury, and the highlighted neighborhoods are those which the WLB will initially target including: Berkely Heights, Brooklyn*, Crownbrook*, Hillside*, Hopeville (north end), New PAC*, North End, Overlook (southern half), South End*, Washington Hill *, Waterville, Willow Plaza*, and WOW*.
Neighborhoods noted by “*” are those where the city and its partners have been actively working on community revitalization and where we believe WLB’s activities can enhance the durability and success of those efforts.
Click the highlighted neighborhoods on the map to see details about each neighborhood. This information will be expanded upon as we work closely with neighborhood associations and residents.
What are the Top Affordable U.S. Suburbs with a City Feel? Waterbury is #1!
https://www.zillow.com/research/zillow-yelp-suburbs-cities-2020-28058/