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Upcoming Programs and Promotions
The State Land Bank will post updates on upcoming development/redevelopment programs or property promotions below as they become available.
Predevelopment Investment Program
Up to $10,000 is available to qualified entities to cover costs of certain predevelopment activities for residential development. This initial pilot program will prioritize funding for developments that involve county land banks working on their first housing development project, and on developments involving successful respondents to our recent Request For Qualifications for developers.
- Local Units of Government (City, Village, Township or County}
- County or City Land Bank
- Qualified Housing Developers
- Must commit to using the SLBA's Housing Loan Program; should applicant not use the land bank's Housing Loan Program, the investment dollars shall be repaid within 12-18 months when a TIF bridge loan is received
Applicants are welcome to bring partners to the project as needed.
Housing Development Loan Program
Local units of government and qualified housing developers in Michigan can get help developing property in their inventory for housing with support from the State Land Bank Housing Development Loan program. These short-term loans provide capital to develop housing projects with the intention to sell the property after development.
Any local units of government or qualified housing developers seeking funds from the loan program can begin the application process to receive available funding.