named programs · 4 · from sources
What they call their work
Demolition and Abatement
Issues requests for proposals to demolish unsafe structures and perform environmental abatement on unusable buildings.
Property Acquisition and Disposition
Acquires tax-foreclosed, vacant, and abandoned properties and resells them to responsible buyers through a competitive application and review process.
Redevelopment and Rehabilitation
Facilitates the renovation of blighted properties into housing units, such as the redevelopment of 260 Bradford Street into 10 housing units.
South End Affordable Housing Initiative
Partners to develop over 160 units of new, affordable housing in the historic South End of Albany.
activities · 2 groups
What they do
-
Land Bank Property Revitalization 3 activities
- Procurement of demolition, abatement, and environmental servicesIssues requests for proposals (RFPs) and addenda to procure demolition, hazardous material abatement, environmental testing, and related services for residential properties in Albany. The Land Bank has sought services for up to eight buildings, with specific addenda issued for up to three properties, and is also procuring legal and project monitoring services to support redevelopment.
- Property disposition and sales programManages an ongoing program to sell redeveloped and available properties to qualified buyers, including first-time homebuyers and experienced developers. The Land Bank regularly publishes monthly for-sale lists, accepts applications through multiple channels, collects processing fees, and approves sales based on buyer qualifications and redevelopment commitments.
- Redeveloping vacant and abandoned properties into affordable housingAcquires, improves, and redevelops vacant and tax-foreclosed properties across Albany County, including full rehabilitation of distressed buildings into multi-unit housing and single-family homes. Examples include the redevelopment of 260 Bradford Street into 10 apartment units and the construction of affordable home prototypes on narrow lots in historic neighborhoods.
-
-
Community Festival & Event Production 1 activity
- Community engagement and outreachParticipates in community events such as the Juneteenth celebration in the South End of Albany, engaging over 100 residents, distributing informational materials, collecting newsletter signups, and hosting family-friendly activities like building birdhouses with children to foster neighborhood connections and promote awareness of Land Bank initiatives.
-
financials · form 990 · fy2021
revenue
Total revenue$1.51M
Contributions & grants$2.79M185%
Program service revenue$6000%
Investment income$1K0%
Other revenue$-1.28M
expenses
Total expenses$2.27M
Program expenses92%
Admin / overhead8%
Fundraising0%
Salaries & benefits$549K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$10.39M
Cash$5.04M
Investments$0
Liabilities$672K
Net assets$9.72M
Liquid reserves26.7 mo
2 years on record · 2020–2021 · YoY revenue -44.8%
leadership · form 990 part vii · fy2021
Who runs it
paid leadership · 1
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| ADAM ZARANKO | EXECUTIVE DIRECTOR | 40 | $111K |
board members · 8
- ANTHONY CAPECE — DIRECTOR
- CHARLES TOUHEY — CHAIR
- DAVID C ROWLEY — DIRECTOR
- JOSEPH J LACIVITA — VICE-CHAIR
- JUANITA NABORS — DIRECTOR
- MARK BOBB-SEMPLE — DIRECTOR
- NATISHA M ALEXANDER — TREASURER
- SAMUEL WELLS — SECRETARY
relationships · 21
Who they work with
- Albany County Government — Works to return vacant and abandoned properties to productive use across Albany County.
- Alice Moore Black Arts and Cultural Center Partner — Co-participated in a Juneteenth community celebration with the Albany County Land Bank Corporation.
- Alice Moore Black Arts and Cultural Center Partner — Collaborated with the Land Bank at a Juneteenth celebration event where over 100 community members were engaged.
- Alice Moore Black Arts and Cultural Center Partner — Collaborated with the Land Bank to engage community members at a Juneteenth celebration.
- City of Albany Government — Collaborates on property-related services including demolition and abatement within the city.
- City of Albany Government — Local government partner in the South End affordable housing development project.
- County of Albany Government — Government partner in the South End affordable housing development project.
- Habitat for Humanity Partner — Partner in the development of affordable housing units in the South End of Albany.
- Home HeadQuarters, Inc. Partner — Commits to financing the future buyer of the affordable homes constructed by the Land Bank and its partners.
- Jason Chicoine Partner — Development Specialist serving as contact for RFP-related questions
- MDG Design + Constriction Partner — Partner in the design and construction of affordable housing units in the South End of Albany.
- MLB Construction Partner — Supports affordable housing construction by building walls off-site, delivering them, and providing industry mentorship and hands-on training opportunities.
- NYS Homes and Community Renewal Government — State government partner supporting the South End affordable housing development project.
- New York Land Bank Association Network — Source of statewide impact data and likely network affiliation for the Albany County Land Bank.
- Novus Living Partner — Partner in the development of affordable housing units in the South End of Albany.
- Passero Associates Partner — Partner involved in the South End affordable housing development project.
- Patrick Chiou Partner — Local developer and real estate investor who purchased 260 Bradford Street and 135 Ontario Street from the Land Bank and committed to a full rehabilitation to create new housing units.
- Pavel Karakalchu Partner — Private buyer approved to purchase and rehabilitate a Land Bank-owned property.
- Pike Construction Partner — Construction partner involved in the South End affordable housing development project.
- Social Enterprise and Training Center (SEAT) Partner — Collaborates on the construction of affordable homes through workforce development and on-the-job training via the YouthBuild Albany program.
- YouthBuild Albany Partner — Provides on-the-job workforce development training by assembling homes as part of youth training programs.
strategies · 3
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Community-Engaged Revitalizationmethodology: community_engaged_revitalizationBy integrating community input and engagement into property revitalization decisions, the Land Bank ensures that redevelopment aligns with local needs and values, leading to more sustainable and equitable outcomes because resident involvement strengthens stewardship and long-term neighborhood stability.
- Integrated Affordable Housing and Workforce Developmentmethodology: integrated_community_workforce_developmentBy combining land availability, affordable financing, community development, and workforce training, the Land Bank expands access to homeownership and builds local capacity because linking housing production with skill development creates dual economic and social returns.
- Strategic Property Redevelopmentmethodology: strategic_property_redevelopmentBy acquiring, improving, and redistributing vacant and abandoned properties, the organization eliminates blight and aligns reuse with municipal goals, producing coordinated community-driven revitalization because structured redevelopment reduces liabilities and strengthens neighborhood assets.