… 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 …
… Unfortunately, the Michigan Land Bank failed to sell the property and … buy the property. But the land bank halted bidding, saying that, … a safety hazard that the Land Bank is responsible for removing." … wasn't a consideration. The land bank's failure to sell Eminem's … that the 120 or so bids the land bank received after news coverage was …
Land banks are supposed to help eliminate blight, revitalize … some cases in Michigan, land banks have scooped up property … it for the benefit of the land bank. Taxpayers lose because the … auction. Michigan created land banks in 2003 to deal with overwhelming … like Flint and Detroit. Land banks are public bodies that for …
The Genesee County Land Bank is considering offering properties … soldiers at a discount. The land bank's favored buyers would pay … percent less. The Genesee land bank isn't the first Michigan land bank to consider subsidizing housing … than $36 million has been spent on land banking activities in the area …
… property, the Kent County Land Bank Authority acquired it for … also serves as chair of the land bank authority. "However, the … by what was reported as "land bank staff" suggest that the county … According to an MLive story, the land bank staff comments on 5076 Montauk … Land Bank Loans Often Losers Land Banking: An Old Idea With A …
… at providing funding to "land banks," which are government entities … to the bill, government land banks and government corporations could … impossible for Michigan land banks to eliminate "blight," since … advocating for the expansion of land banking throughout the United … congressman started the Genesee County Land Bank, Michigan's first government …
… recommending that the Kent County Land Bank be prohibited from purchasing … summer, the Kent County Land Bank caused a stir when it snapped … auction. By doing so, the land bank blocked redevelopment from … private market. Moreover, the land bank spent more than $400,000 … spend. State law prohibits land banks from acquiring property …
… properties to the Kent County Land Bank. These properties will not … helping the Kent County Land Bank circumvent state law, which forbids land banks from acquiring property … tax auction. Moreover, the land bank will have the ability to … revenue than the price the land bank will pay. Though the resolution …
Audrey Spalding was a guest on “The Tony Conley Show” on WILS AM1320 in Lansing today, discussing her work on land bank policy. You can read more of her work on that topic here, here and here.
… against the Kent County Land Bank, claiming that it violated … transfer them directly to the land bank. The Kent County Land Bank requested that more than … neighborhoods," and "[funding] the Land Bank." Some of those properties are … a track record of success; land banking in Michigan (and elsewhere) …
… could have a way to contest land bank deals that illegally acquire … Local Government Committee. "Land banks were supposed to be able … what we've been seeing is land banks cherry-picking properties … Rapids area, the Kent County Land Bank has been getting first pick … should look over our entire land banking process. I'm not sure …
The Kent County Land Bank is acquiring tax delinquent and abandoned … Under Michigan statute, land banks aren't supposed to buy tax … Legislature intended to limit land bank purchases to the less desirable … buying properties for the land bank. They make the purchases … sell the properties to the land bank at cost. Rep. Ken Yonker, …
… director of the Kent County Land Bank. The following is the transcript … argue that the purpose of a land bank is to manage abandoned or … is certainly one aspect of land banking, but [it] is unlikely … values of the Kent County Land Bank Authority (KCLBA) include … motivation. Is the Kent County Land Bank already becoming this type …
… 40 properties over to the Kent County Land Bank to prohibit private individuals … Alliance reports that the land bank spent nearly $500,000 to … Though the ostensible purpose of land banking, which has exploded … beset by vacancy, Michigan land banks have broad powers that can be misused and abused. Land banks have the ability to borrow …
… competition with government land bank authorities. The plaintiffs … day in court claimed that land banks, in cooperation with the … County and the Kent County Land Bank Authority, for allegedly allowing the land bank to cherry-pick tax-foreclosed … The investors claimed the land bank paid far less than what the …
… However, when the Kent County Land Bank Authority acquired 5076 Montauk … acquired by any Michigan land bank is considered blighted by … bidder. The theory behind land banks is that government needs … does not fit that bill. The land bank appears to have acquired … speculator." But Michigan's land banking law ensures that land …
… Michigan, the government land banks created to address it may … more harm than good. Some land banks have actually blocked private … the state, the Kent County Land Bank caused a stir last summer … auction. By doing so, the land bank blocked would-be buyers from … move cost taxpayers: The land bank spent more than $400,000 …
… 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 … much of the property in the Land Bank. According to former Genesee …
… of residents to keep private land in private hands is an inspiration … can’t possibly fulfill the land-grab ambitions of groups such … percent of the county’s total land area (190,175 acres) has been … revenue that will result when land values decline following the … farmers and their heirs obtain bank loans for routine operations …
… candidate Virg Bernero was on WJR radio Thursday promoting the idea of a state bank to give select businesses loans to spur the economy. But in 2009, the Michigan … Mackinac Center for Public Policy. "This serves as a warning for the state bank. The state already has some experience making loans and it has not been …
In Michigan, land banking is new. But in Missouri, it has a … Saint Louis City set up a land bank in response to the exodus … they left behind. When the land bank was created in 1972, the … that time, the Saint Louis land bank has amassed more than 10,000 … into the operations of the land bank found that it rejects almost …
… start "a wetland mitigation bank," an area that is managed specifically … owner of an approved wetland bank can receive state certified … destroyed. Wetland mitigation banks make it easier for developers, … maintenance of the wetland in the bank. Such wetland banks are precisely … established for use by commercial land developers. Even more disturbing, …
… they caused the Small Business Administration to pay lender fees to the bank that processed the loans,” the Justice Department’s Civil Division announced … 2010-2019 | 2020-present Dec 2009 Merit pay for teachers becomes law of the land Gov. Jennifer Granholm signed into law a requirement that school districts …
… Michigan should run its own bank. This idea has recently been … have already purchased the land and entered into leases to … loan. This proposed state bank would provide our small businesses … not against the market. The bank that we are proposing would be a wholesale bank which would support our community …
… being drawn between competing land-use interests than on Old Mission … the Peninsula has made farm land extremely expensive. Many farmers … activists are trying to keep land from being developed on Old … easement. There are 40 charitable land trusts in Michigan today that … attracts developers with bigger bank rolls. Environmentalists will …
… state approved plans to log 420 acres of forest near Gaylord and clear the land for solar installations. I appeared on “The Dave Bondy Show,” “Tom Jordan … areas, lawmakers appear more concerned about getting greenbacks into the bank accounts of solar developers and monopoly utilities. The Gaylord project …
… Township racecourse that bought land for $1 from Wayne County less … Pinnacle Race Course bought the land after agreeing to numerous … could not get details of the land deal on Thursday. The land … voicemail. The Wayne County Land Bank Authority sold the land to … Analysis: Genesee County Land Bank Threatens Private Property …
… Authorize extra Detroit/Wayne "land bank" property tax breaks, passed … combined Detroit/Wayne County "land bank" authority, rather than the … year tax break for other land bank authorities. Complete Roll … among the things that local "land bank" authorities are supposed … Add public transportation to land use planning considerations, …
… House Bill 4626: Authorize land bank sanction and complaint process … for a local government “land bank” that acquired tax reverted … ruling went against the land bank and was upheld by a circuit court, the director of the land bank would have to be fired. This … cost to the Kent County land bank, as a way of circumventing …
… promulgated a law prohibiting knights from killing rich widows and taking their land, we can infer that there was a whole lotta widow-killing going on back then. … R-Muskegon, on Dec. 10, 2009, to revise the 2003 law that created local "land bank" authorities empowered to assemble and dispose of abandoned tax reverted …
The 2002 Bank of Sweden Prize in Economic Sciences (more commonly … Smith, is an advocate of federal land privatization. Michigan's government, … owns 12 percent of the state's land, could learn from the newest … environment” by privatizing federal land holdings. Former Mackinac … privatization journal. The article, “Land Ho! Should Government Be Lanlord?” …
