- Tools and Templates
Date Published: August 2010
This component of the Land Banking Toolkit is intended to provide guidance to organizations and localities that intend to use land banking as part of their NSP strategies. It provides a sample memorandum of understanding (MOU) between a city NSP grantee and a land bank authority. This agreement outlines roles and responsibilities for acquisition, disposition, program income, and maintenance. This document should be used as a guide for creating a customized MOU that meets the needs of the individual municipality and land bank. It addresses the major NSP functions and represents one approach for collaboration.
Disclaimer: All peer approved resources shared on the HUD Exchange have been provided by the organization that developed them. The documents have not been reviewed by HUD or its contractors for applicability, legality, or compliance with federal statutory and regulatory guidelines. The posting of these documents on the HUD Exchange is not intended as an endorsement of the documents by HUD or any of its contractors.
Please bear in mind that these documents were created by organizations based on their specific needs and objectives, and they may reflect local laws and policies. Grantees and their partners should go through their own process to develop policies and corresponding procedures that are appropriate locally and that are compliant with federal, state, and local law.