Detroit has demolished roughly 27,000 abandoned houses and sold another 19,000 formerly vacant homes since Mayor Mike Duggan ...
The land bank is granted unique powers under state law, allowing it to clear titles quickly, eliminate liens and past claims and hold property without paying taxes.
Detroit Mayor Mike Duggan's blight removal program cut abandoned Land Bank homes from 47,000 to under 1,000, boosting property values from $4.2B to $8.8B.
The Detroit Land Bank Authority, the city's biggest property holder tasked with getting blighted properties back on the tax rolls, is facing a proposed 52% subsidy cut from the city that its CEO said ...
DETROIT (AP) — A newspaper investigation has found that squatters occupy as many as 4,300 of the 300,000 Detroit properties owned by the city's Land Bank Authority. The Detroit Free Press reports that ...
The ongoing legal and social media battle between the City of Detroit and Charles E. Brooks Jr. — the owner of the unique eastside "castle" property — may be coming to a close. On Saturday, Detroit ...
Detroit Mayor Mike Duggan announces progress in reducing city blight, with fewer than 1,000 abandoned properties remaining.
A five-year demolition program funded by bonds and approved by voters is coming to a close this year. Why it matters: Officials say that by the end of this year, the $250 million Proposal N program is ...
If you’re looking for real estate deals that no one else is talking about, it’s time to look into land banks. These local programs are flying under the radar—but they offer some of the cheapest land ...