Land Banking
Definition
The practice of acquiring and holding land for future development or conservation purposes.
Purpose
Reserve land for future public needs and control development timing.
Examples of Use
- Acquiring strategic properties.
- Preserving open space.
- Managing future growth.
- Facilitating affordable housing projects.
- Supporting community development initiatives.
Related Terms
- Land Use Planning
- Urban Growth Management
- Public Land Management
- Affordable Housing
- Community Development
Notes
Land banking helps communities plan for future needs and opportunities, ensuring land is available for essential public uses and strategic development.
