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. The WLB is an economic development tool which can be utilized to generate real estate tax revenues for the City, promote economic and physical well-being to area residents, and enhance property values to homeowners who participate in our Side Lot Program. By merging abutting parcels sold by the WLB, adding land area to existing residential parcels, this additional land area can be used by the existing homeowner as on-site parking, or to simply just use as extra yard area for their family. Additionally, the WLB intended use priorities include homeownership opportunities along with infill housing development, housing rehabilitation, community gardens or 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 BOARDWANTEDGENERAL CONTRACTORS & BUYERS FOR THE WLB W.O.W. NEIGHBORHOOD REVITALIZATION PROJECT The City of Waterbury (on behalf of the WLB) has released RFP 8939 seeking experienced General Contractors to develop two duplexes of prefabricated modular housing, featuring three-bedroom units and on-site parking. The General Contractor must have experience with site work in urban environments similar to Waterbury.
The RFP 8939 is posted on this website under "Documents" then "Additional Information & Resources." More information will be posted once a contractor is selected.
If you are looking for a newly developed modular home and would be interested in buying one of these homes, please contact our office (203) 721-6958.
SOLICITING HOUSING CONTRACTORS:The WLB is currently searching for housing contractors and developers to work with us on future housing rehabilitation projects. To inquire, please contact Nancy MacMillan, Executive Director at (203) 721-6958.
Spanish/English Translation and Interpreter:The WLB has hired a Spanish/English Interpreter consultant to assist us, as needed, during meetings or presentations where language support may be required. The WLB website also offers full spanish/english translation capability.
Side Lot Program:The WLB offers Waterbury residents an opportunity to acquire land bank properties via our Side Lot Program.
If you are interested in buying a vacant parcel next to your home, please contact us for more information.: (203) 721-6958 or email info@waterburylandbank.org.
Current Listings:The WLB will post "available" parcels for sale on this website. Please see properties listed for status of property. Periodically, newly available properties will be listed.
If you're interested in purchasing a property posted on our website please create a user account, (where noted on this website), and see the properties page for parcels available.
Most of our parcels for sale consist of vacant land lots. If you wish to develop the vacant land acquired from the WLB, you must go to City of Waterbury Planning Dept for zoning regulations which will govern what can be developed on the parcel. The Buyers Process: Please see the attached for a step-by-step process of what you may expect when buying a WLB property. |
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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.
Priority is given to buyers who intend on residing in the home they acquire from the WLB. Creating strong residential communities and promoting homeownership is included in our strategic plan.
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.
Additional information:
https://www.thewaterbury.com/living-in-waterbury-ct/waterbury-neighborhoods
Click the highlighted neighborhoods on the map below to see details about each neighborhood. This information will be expanded upon as we work closely with neighborhood associations and residents.