Welcome to the Michigan Land Bank Fast Track Authority
- The mission of the Michigan Land Bank is to create positive economic impact to Michigan communities by recycling land to productive use.
Owosso Woodland Trails Condominium Request for Proposal
The Michigan Land Bank Fast Track Authority is seeking proposals from developers interested in building homes on 14 vacant Woodland Trails Condominiums lots in Owosso. Proposal packages must be received by noon on April 18.
Questions from potential bidders must be received via email no later than March 22, at firstname.lastname@example.org with the subject “Owosso Condo RFP Questions.”
Purchasing Property at the Michigan Land Bank
- Please visit the new and improved Michigan Land Bank Property Search that allows a streamlined approach to searching, mapping and even applying for Michigan Land Bank owned property online. When a property is identified an offer can be made to purchase it by simply clicking on the "Apply" button and following the instructions provided. If you have any questions regarding the purchase of property please contact us at 517-335-8212.
Michigan Land Bank Redevelopment Loan Program
Land banks in Michigan can get help redeveloping property in their inventory with support from the Michigan Land Bank Redevelopment Loan program. These short-term loans provide land banks with capital to conduct redevelopment projects with the intention to sell the property after development.
Any land bank seeking funds from the loan program can begin the application process to receive available funding.
Small Developer Seminar and Boot Camp
The Michigan Land Bank Fast Track Authority is offering workshops and training seminars to help increase the number of local land developers. The Incremental Development Alliance will work to recruit additional local real estate developers to produce small-scale projects.
Starting in February, participants who previously attended a Small Developer Seminar can sign up for the Small Developer Boot Camp. Building on the previous workshops, the Small Developer Boot Camp gives participants an opportunity to apply training to a development project.
Visit www.incrementaldevelopment.org/events/ to learn more about the remaining seminars and upcoming boot camp.
Michigan Rural Community Demolition Grant
In Fiscal Year 2019, the Michigan Strategic Fund (MSF) received a one-time appropriation of $350,000 in their annual budget toward blight removal projects in counties with populations under 50,000. Michigan Land Bank Fast Track Authority (Michigan Land Bank) will administer these grant dollars, while the MSF will directly reimburse the grantee upon completion and approval by the Michigan Land Bank. Each awarded grant is to be used to demolish vacant and abandoned structures and promote public safety, stabilize property values and enhance economic development opportunities throughout the state of Michigan.