National Land Bank Network Act

This bill establishes a National Land Bank Network to support land banks that acquire and manage vacant, abandoned, and tax-delinquent properties. It directs the Neighborhood Reinvestment Corporation to contract with a nonprofit organization to run the network, which will provide technical assistance, help communities form new land banks, and administer grant programs for existing land banks and new initiatives. The network must ensure resident engagement in projects funded by grants and track outcomes through standardized data collection. The bill authorizes $10 million for 2024 (with $7 million for grants) and $5 million annually from 2025-2034 to fund these activities, primarily benefiting communities in rural, suburban, and urban areas struggling with property abandonment.