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Chesapeake Land Bank Authority
The Chesapeake Land Bank Authority (CLBA) was created pursuant to the Land Bank Entities Act, Code of Virginia §§ 15.2-7500 et seq., as amended. Such authority is a political subdivision of the Commonwealth, a body politic and corporate, created to assist the City in addressing vacant, abandoned, and tax delinquent properties within the City.
The CLBA shall administer the South Norfolk Rehabilitation Grant Program and any other programs consistent with its powers. The Authority shall prepare and present an annual report to the City Council at the beginning of each fiscal year summarizing its performance over the prior fiscal year and its strategic plan going forward.