… office of the Indianapolis Land Bank on May 28 after a months-long … nonprofit groups. The land bank's director, Reginald Walton, … been charged. Allegedly, land bank officials were exploiting … other would-be buyers of land bank property. The Indianapolis Land Bank would sell properties at …
The Wayne County Land Bank scooped up 240 acres, spent $26 million … “improvements,” and sold the land to a developer for $1 with … materialized. The Kent County Land Bank has blocked more than 40 … private developers to fund land bank operations, despite state … entities from doing so. The land bank in Genesee County wants to …
… n response to government land banks side-stepping state law, … R-Caledonia, that would penalize land banks for acquiring property before … actions of the Kent County Land Bank when it blocked the sale … properties last year. Though land banks are promoted as entities … would purchase, the Kent County Land Bank has worked to acquire desirable …
… property the Kent County Land Bank blocked from sale to private … company owned by one of the land bank's advisory council members. … auction this summer, but the land bank coordinated with county officials … According to staff comments, the land bank requested the property be … Land Bank Loans Often Losers Land Banking: An Old Idea With A …
Kent County's Land Bank has been acquiring tax reverted properties … intervention. Under Michigan law, land banks can't buy such property … been buying properties for the land bank. They make the purchase and then sell the property to the land bank at cost. Many of these properties … private buyers. Kent County Land Bank appears to be making no effort …
… report from the Kent County Land Bank claims the agency's actions … receiving media attention. Land bank officials arrived at their … of $151,879. Using the land bank's math, the local realtors … infinity. Also, the cost of the land bank is shown only by its operating budget. The land bank did not consider other costs …
… legality of the Kent County Land Bank's purchasing practices have taken … buy a property because the land bank grabbed it first is joining … the opportunity when the land bank took the property first," … Realtor agencies opposing the land bank's practices in court. Vander … coalition challenging the land bank in court. At issue, is the …
After the Kent County Land Bank Authority came under fire for buying … and will look at how other land banks choose to buy property. … residents upset with the land bank's actions. If its members … elsewhere. When defending the land bank's practices, Executive Director … $220 million to expand its land banking activities. A recent …
… agents suing the Kent County Land Bank for blocking tax foreclosed … auction. This summer, the land bank coordinated with Kent County … from tax auction gave the land bank control over who is allowed … purchase property, and gave the land bank a say in how the property is used. Land bank staff comments at the time …
… against the Kent County Land Bank, the Kent County treasurer, … public auction because the land bank, a government agency, was … Rapids, the Kent County Land Bank gave the city money to purchase … the properties back to the land bank. “The transfer process is … the statute, making the land bank section meaningless. The …
… oprieties at the Detroit Land Bank Authority cost taxpayers … compliance manager for the land bank's demolition work, oversaw … Officials from the Detroit Land Bank Authority said they cannot … public of affairs for the land bank. Whistleblower Timothy Drakeford … also reported that the land bank's chair, Erica Ward Gerson, …
… to contest deals in which land banks acquire property before … broader issues involving land banks," a spokesman in Rep. Yonker's … governor has a work group on lank banks. We want to make sure that … together." Under Michigan law, land banks can't buy tax reverted properties … chance at tax auctions. Land banks are supposed to get their …
… whole new level with the Land Bank; a centerpiece of the Genesee County Urban Land Redevelopment Initiative. Utilizing … Shafran of WJRT in Flint, the Land Bank is now responsible for more … park. The Genesee County Land Bank, however, seems to go well … of the property y in the Land Bank. According to former Genesee …
… whole new level with the Land Bank; a centerpiece of the Genesee County Urban Land Redevelopment Initiative. Utilizing … Shafran of WJRT in Flint, the Land Bank is now responsible for more … park. The Genesee County Land Bank, however, seems to go well … of the property y in the Land Bank. According to former Genesee …
… treasurer and the Kent County Land Bank for bypassing the public … foreclosed property to the land bank for an amount no higher than … which it was sold to the land bank. The proceeds would have … Michigan law prohibits land banks from purchasing tax-foreclosed … and then sell it to the land bank at cost. Investors complained …
… bulk of it will go to Michigan land banking activities. Of the … will be given to government land banks. Ironically, this will … 2006, any property acquired by a land bank is deemed to be blighted. … So thanks to state law, land banks cannot eradicate blight, … those considering purchasing land bank property, this could mean that …
… funding for the Fast Track Land Bank Authority was included in … well. The decision on the land bank funding and several other … the $1.7 million for the land bank authority to be part of the … have a better idea?' " Land banks around the state have been … purpose instead of propping up land banking," said Audrey Spalding, …
… purposes to the Fast Track Land Bank Authority. The Senate wants to send the money to the Land Bank Authority, but the House … version — the $1.7 million for the Land Bank Authority was one of the … are taking a closer look at land banking," said Audrey Spalding, … and a national expert on land banks. "Michigan land banks have …
Land banks that purchase tax reverted property before public … in Kent County, where the land bank has bought dozens of properties … would have specified that land banks could purchase delinquent … making it even easier for land banks to dominate this portion … the language pertaining to land banks would be removed from the …
… Senate would specify that land banks can purchase delinquent … Senate Bill 640 to allow land banks to purchase delinquent property … indication of the growing land bank empire's skill at political … Under Michigan statute, land banks aren't supposed to purchase … of the law was to limit land bank purchases to the less desirable …
