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The Detroit Land Bank Authority [1] is a public authority that owns and manages approximately 100,000 parcels of property in the city of Detroit, making it the city's largest landowner. [ 2 ] Occasionally framed as a quasi-governmental entity , the Detroit Land Bank operates a number of programs to reduce the number of Detroit properties that ...
The plan includes a range of programs from renovating Detroit Land Bank Authority homes to offering down payment assistance to 600 Detroiters. Detroit's new $203M housing plan will renovate vacant ...
Apr. 15—The Rocket Community Fund and the city of Detroit have pledged a total of $5 million to expand a program that renovates and sells move-in ready land bank homes. In an announcement ...
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The city of Detroit plans to sell Lee Plaza to a joint venture that will redevelop the historic building into 180 residential units, and retail. The redevelopment will be a joint effort by Detroit-based Roxbury Group and Ethos Development Partners, who bought the property from the city in 2019 for $350,000.
Blighted land in Philadelphia. Land banking is the practice of aggregating parcels of land for future sale or development.. While in many countries land banking may refer to various private real estate investment schemes, in the United States it refers to the establishment of quasi-governmental county or municipal authorities tasked with managing an inventory of surplus land.
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