Community Development Digest

Land Banking

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Detroit Land Bank Auctioning Houses

The bidding is starting as low as $1,000 per house.

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Free Land Banking Resource Available

A new publication detailing the process for creating new land banks and working with existing land bank authorities is now available as a free download.

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New York State Funds Land Banks with $20 Million

New York plans to launch a competitive application process for land banks seeking funding to restore vacant or abandoned properties across the state. The state, over a two-year period, will dedicate up to $20 million towards this effort.

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Land Bank Reform Bill Emerges in Michigan

The measure, if it becomes law, could produce a ripple effect spawning similar legislation elsewhere in the nation.

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Detroit Land Bank Gets 8,000 Properties

Wayne County properties that failed to sell at auction in 2012 will be transferred to the city of Detroit who will in turn pass them along to the land bank.

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Cook County, IL Passes Land Banking Ordinance

While it could take up to a year to get the land bank up and operating, once underway it would be the largest land bank in the country in terms of geography covered.

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