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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, … banks, such as the Kent County Land Bank and the Genesee County Land Bank, also have policies that … bank law allows. The Kent County Land Bank created controversy … more

Court Rules in Favor of Land Bank

Some properties blocked from competitive tax auction will go to nonprofits

… estate agents suing the Kent County Land Bank for blocking tax foreclosed … auction. This summer, the land bank coordinated with Kent County government to block more … before tax auction. The land bank-county coordination was done … from tax auction. The Kent County Land Bank is able to work around … more

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

… recent report from the Kent County Land Bank claims the agency's … receiving media attention. Land bank officials arrived at their … consider other costs to Kent County government and area school … presentation, it appears that Kent County Land Bank officials think only … problems in the state. In Wayne County, the land bank entered a special … more

New Challenge to Land Bank Purchasing Practice

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

… the legality of the Kent County Land Bank's purchasing practices … buy a property because the land bank grabbed it first is joining … At issue, is the Kent County Land Bank's practice of gaining … Over the past two years in Kent County, first the county and then the city of Grand … more

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 … private developers to fund land bank operations, despite state … especially the issue in Kent County. "In Kent County, the land … more

County Blocks Private Citizens From Purchasing Home; Buys The Property Itself

Sale proceeds could be used to fund Kent County Land Bank Authority's operations

The Kent County government blocked private citizens who had … the property itself so the county could then re-sell it for … the property, the Kent County Land Bank Authority acquired … also serves as chair of the land bank authority. "However, the … Bank Analysis: Genesee County Land Bank Threatens Private Property … more

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 … properties before the tax auctions. In Kent County, local governments have … attract private buyers. Kent County Land Bank appears to be making … Abused, Costly to Taxpayers County Block Private Citizens From … more

Land Banks Profit By Cutting In Front of People Wanting To Buy Property

A video report

Land banks are supposed to help eliminate blight, revitalize … some cases in Michigan, land banks have scooped up property … about 40, [including] in Kent County [and] in rural areas of … foreclosure. By contrast, Wayne County typically has more than 15,000 tax … the chairman of the Kent County Land Bank Board. "In some cases, … more

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, … the actions of the Kent County Land Bank when it blocked the … would purchase, the Kent County Land Bank has worked to acquire … public auction. In response, Kent County developers sued the land … clear how many other county land banks are violating state law. … more

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

A property the Kent County Land Bank blocked from sale to private … company owned by one of the land bank's advisory council members. … been available for bid at Kent County's tax auction this summer, … land bank coordinated with county officials to block the property … Bank Analysis: Genesee County Land Bank Threatens Private Property … more