How is a Land Bank different than a Redevelopment Authority

A Redevelopment Authority and a Land Bank are similar in the fact the scope of both organizations are essentially the same: to clean up neighborhoods, rehabilitate structures when possible, and demolish when necessary. The main differences are that the Land Bank has no eminent domain powers, but can "trump" bid at a judicial sale. Properties sold through the Land Bank also have provisions built into the policies and procedures that ensures the Land Bank’s mission.

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1. How is a Land Bank different than a Redevelopment Authority
2. What are the main ways the Land Bank acquires properties?
3. Do you have to be a contractor to buy and rehab a Land Bank property?