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Commission briefed on plan to form local Land Bank Authority, staff to bring resolution in September
Summary
City staff and the State Land Bank described a plan to transition roughly 107 tax-reverted parcels to a local Grand Rapids Land Bank Authority to support housing and redevelopment; staff said a commission resolution is expected in September and outlined administrative steps and governance options.
City commissioners received a briefing on Aug. 27 about creating a City of Grand Rapids Land Bank Authority that would take control of roughly 107 parcels now tied to the State Land Bank and use statutory land-bank powers to expedite property disposition for housing and neighborhood redevelopment.
Economic Development Director Reniero and Joseph River, executive director of the State Land Bank, told the commission that a 2023 amendment to Michigan law allows qualified cities (population over 50,000) to form local land banks. Reniero said the authority would be able to acquire and hold title, clear title problems, issue bonds or borrow funds, and facilitate strategic redevelopment — while…
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