The Real Estate Services Division manages all other municipally owned properties, maintains the Municipal Foreclosure Registry, conducts delinquent tax and/or special assessment foreclosure sales, and provides subject matter expertise to other departments with regard to acquistion, sale or leasing of properties for municipal benefit. The HLB Advisory Commission (HLBAC) oversees the operation of the HLB and the HLB Fund. The inventory includes parcels zoned residential, commercial, industrial, and open space areas. The Heritage Land Bank land base currently consists of approximately 10,000 acres distributed between Chugiak and Girdwood, with about half its acreage (approximately 5,000 acres) in the Girdwood Valley. ![]() The HLB does not manage all municipal land only parcels in the HLB inventory. The HLB achieves this mission by inventorying and managing HLB land and resources with the goal of eventually benefitting a variety of municipal purposes that in turn benefit our local population. The Heritage Land Bank (HLB) division manages uncommitted municipally owned land in the HLB inventory and the HLB Fund in a manner designed to benefit the present and future citizens of Anchorage, promote orderly development, and achieve the goals of the Comprehensive Plan. Each division operates under rules set by the Anchorage Municipal Code (AMC). There are two divisions of RED: Real Estate Services and Heritage Land Bank. The Real Estate Department (RED) manages municipally owned property, and may assign management authority of municipal property to the department that uses it.
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