The City of Indianapolis seeks to acquire abandoned, tax delinquent, and other problem properties, hold and maintain them temporarily, and make them available to non-profit or for-profit developers. Through this effort the City of Indianapolis will return troubled properties to productive and economically viable use, eliminate public safety hot spots, and improve the quality of life in our neighborhoods.

All properties purchased from the City of Indianapolis, through its Indy Land Bank are free and clear of all liens, delinquent taxes, housing code violations, and any other encumbrances that would prohibit the sale, disposition, mortgaging, or rehabilitation of the properties. All properties eligible for sale through the Indy Land Bank have been insured by a certified title company, as such, the title company may be contacted to address and clear any issues involving discovered encumbrances on any properties purchased from the Indianapolis Land Bank.

The Indy Land Bank has an Abutting Landowner Program that allows for the purchase of Indy Land Bank property that has been offered for public sale. To be eligible to purchase property through the Abutting Landowner Program, the person ("abutting landowner") attempting to purchase the property must be the owner of property that touches, borders on, or is contiguous to the property that is the subject of the sale. If more than one eligible abutting landowner submits an eligible offer to purchase the property, the property shall be sold to the eligible abutting landowner who submits the highest eligible offer for the property and who complies with all applicable requirements.

Strict adherence to the applicable law is required to acquire property through the Indy Lank Bank. Depending on the status of the title to the property, this acquisition process may take up to two (2) months to complete the conveyance of the property. Successful applicants will be notified when the Indianapolis Land Bank is ready to close on the subject property.