Results 1 to 10 of 152

Indy Land Bank Officials Indicted

Michigan needs to review land bank operations

… 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 …

MichiganVotes: Proposed Bill Would Provide Accountability For Land Banks

County land banks rife with problems

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 …

Land Bank Reform Bill Introduced

HB 4626 would penalize land banks for violating state law

… 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 …

Questions Raised About Land Bank Conflict of Interest

Government land bank blocks private bidders, is now being sold by bank advisory council member's company

… 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 …

Land Banks Buying Properties Private Buyers Would Want

Original land bank law aimed at 'undesirable' properties

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 …

Banks Township considers going back to how things once were

Community considers throwing out its 21st zoning law

For almost all of its history, Banks Township in Antrim County had no zoning … needs of residents, ensure appropriate land use, limit overcrowding and congestion, … communities — including some near Banks Township — are capable of managing … should not be determining what kind of land use is “appropriate” for every member …

Kent County Land Bank Is Not a Good Deal For Citizens

Recent report from the land bank promoting generous return on investment missing key information

… 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 …

New Challenge to Land Bank Purchasing Practice

Citizen joins effort to stop Kent County Land Bank from getting property before it goes to auction

… 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 …

Land Bank Powers Abused, Costly to Taxpayers

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 …

Court Rules in Favor of Land Bank

Some properties blocked from competitive tax auction will go to nonprofits

… 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 …