Land-banking efforts in the United States of America have been hampered by several obstacles, the most important of which involve the structural and operational characteristics of a land-banking agency. These are the difficulty of operating at a regional scale, the problem of linking land banking to the planning process, and the scarcity of financial resources. An unusual type of French land-banking agency, the public real-estate corporation, may provide the answers as to how these obstacles can be overcome. This paper provides an analysis of the structure, policies, financing, and operations of one such agency, the Lower Seine Valley Public Real Estate Corporation or EPBS (Établissement Public Foncier de la Basse Seine).
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