By Rich Petschke

The Greater Mohawk Valley Land Bank is awarded over $1.6 million from the state under the latest round of funding from the Land Bank Community Revitalization Initiative.

The bank which covers Otsego and Schoharie counties is piloting an innovative collaboration to significantly ramp up efforts to eradicate the blight of abandoned properties.

New York’s Attorney General established the initiative in 2013 with funding secured through settlements with the nation’s largest banks over misconduct that contributed to the housing crisis.