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Council committee advances land-bank ordinance after MACOG outlines $20 million regional housing plan
Summary
The council’s land use committee voted to forward ordinance 87-25 enabling a regional land bank after a Michiana Area Council of Governments presentation on a $20 million Lilly Endowment implementation grant to fund a land bank and a revolving attainable housing fund to address vacant properties and build affordable units across three counties.
The St. Joseph County Council’s land use committee voted to send ordinance 87-25 favorably to the full council after a presentation from the Michiana Area Council of Governments (MACOG) on a regional housing initiative funded by a $20 million Lilly Endowment implementation grant.
James Turnbull, MACOG executive director, described two linked programs: a regional land bank to shorten the time it takes to move vacant or abandoned properties back into productive ownership, and the Regional Attainable Housing Investment Fund (RAHEAF), a revolving loan and grant program intended to support nonprofit developers. "The land bank would look to improve vacant and…
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