A bill for an act relating to the creation of land redevelopment trusts.

SF 144 creates a legal framework for Iowa municipalities (cities, counties, or townships) to establish "land redevelopment trusts." These trusts would help communities address blighted, abandoned, or dilapidated properties by providing a structured tool to rehabilitate them. The bill outlines how trusts are formed (via municipal ordinance or resolution), their governance (with a non-paid board), and their purpose: to return non-productive properties to productive use, support affordable housing, and revitalize neighborhoods. It does not mandate specific actions but enables local governments to create these trusts as needed to tackle property deterioration issues.