(a) A land bank shall create one or more advisory committees to consult with and advise the land bank on:
(1) properties within the municipality served by the land bank that are imposing the greatest harm on neighborhoods and communities in the municipality;
(2) neighborhood priorities for new uses of those properties; and
(3) the range of potential transferees of those properties.
(b) As appropriate to the location of the real property of the land bank, advisory committee membership and neighborhood consultations shall include formal and informal neighborhood-specific community associations, residents' associations, faith communities, community development corporations, and anchor institutions.