Experts say the
Ingham County Land Bank is one of the best in the state and will be a model for the other 29 Michigan land banks at a conference in June.
According the excerpts from the article:
A
statewide conference of land banks, which reclaim and resell
foreclosed properties to put them back on tax rolls, is being hosted in
the capital city June 6-8.
The national
Center for Community Progress chose Lansing for its fifth annual
Michigan Land Bank Conference. The Ingham County Land Bank—which is one of 30 banks in
the state—is a poster child of success, officials say; so when the
conference opens, about 200 people from all over Michigan will be drawn
downtown to the
Lansing Center to listen to local experts and learn
from them.
Currently the city and the Ingham land bank are working together to use
$17.4 million in federal money to address 255 housing units and another
230 foreclosed properties.
Land banks are set up to be more entrepreneurial than cities, experts
say. They buy, lease and market property to families, businesses and
developers.
Read the entire article
here.
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