The report, prepared by the Michigan State University Land Policy Institute found that the Land Bank had produced positive results for Kent County–over the last four years the KCLBA had generated nearly $43 million dollars in economic impact, while simultaneously creating … ABOUT THE KENT COUNTY LAND BANK AUTHORITY The Kent County Land Bank Authority is a public-private nonprofit partnership that purchases and facilitates the rehabilitation of tax-foreclosed properties and helps Kent County’s local units of government with strategic economic development activities. The Kent County Land Bank Authority was created on November 19, 2009 (Resolution #11-19-09-136) through an intergovernmental agreement (IGA) between the Michigan Land Bank Fast Track Authority and the Kent County Treasurer. Please support high-quality journalism. Per that agreement, those services include clearing messy property titles, maintaining the properties and collaborating on property sales, transfers and redevelopment projects. The county land bank had until Dec. 31, 2019, to dissolve. Discover bank-owned homes and REO properties for sale in Kent County, DE. Once the Land Bank re-sells the properties it acquires, it collects 50% of the property taxes due on those properties, reducing revenue for local schools and communities, in addition to filling the Land Bank’s coffers. State gains 119 properties from soon-to-be dissolved Kent County Land Bank. This process is fundamentally unfair and bad government. Addeddate 2017-12-22 17:20:13 Duration 71 Identifier Kent_County_Land_Bank Run time 00:01:11 Year 2015 Youtube-height 1080 Youtube-id nh06OMwXw3M Youtube-n-entries 434 Youtube-playlist Uploads from Grand Rapids Information Network Youtube-playlist-index 165 Youtube … InnovaLaB – Modular Homes Project The Future. In her new role, the Flint resident will lead the strategic direction of the State Land Bank, which serves 37 counties in Michigan and owns 2,676 land parcels. Executives believe that the wind-down could be complete earlier than planned, and possibly as soon as October 2019. This loss in revenue must be made up with other tax money, causing the county to shift spending from other essential services so that the losses caused by the Land Bank are covered. The commissioners in Kent County, Michigan, have decided to dissolve the county’s land bank in an 11-8 vote. 1 http://www.accesskent.com/YourGovernment/BOC/commis_boards.htm, 2 https://drive.google.com/file/d/0By88kvxf_PYrVlhmQVU2cDNibXM/edit?usp=sharing, 3 https://drive.google.com/file/d/0By88kvxf_PYrQzFrYVJpa2I4XzA/edit?usp=sharing, Sweetheart transfer of 160 tax-foreclosed properties to the taxpayer-funded Kent County Land Bank Authority by the City of Grand Rapids is bad for taxpayers and bad for city government, New Poll Shows Grand Rapids Tax Increases Face Steep Climb and Land Bank Lacks Public Support, Kent County Land Bank Changes are a Step in the Right Direction, Kent County government loses hundreds of thousands of dollars due to preferential transfers to the Land Bank, faces deficit of $955,000, considers raising taxes, Kent County Taxpayers Alliance Announces Lawsuit Against Kent County Land Bank Authority for Violating State Law, The Kent County Land Bank is Crony Government Gone Wild, http://www.accesskent.com/YourGovernment/BOC/commis_boards.htm, https://drive.google.com/file/d/0By88kvxf_PYrVlhmQVU2cDNibXM/edit?usp=sharing, https://drive.google.com/file/d/0By88kvxf_PYrQzFrYVJpa2I4XzA/edit?usp=sharing, “No contract, no vote,” Rapid leadership clashes with ATU over contract negotiations, Opposition to Transit Renewal Launches its Campaign in Kent County, Rapid CEO Peter Varga receives bonus on eve of tax renewal, SB 571 Would End Taxpayer-Funded Electioneering. Traditionally, properties in Michigan are foreclosed when property taxes haven’t been paid by the owner for several years. Morganti, who works in Kent’s community development department, said he plans to leave his position as the grants and neighborhood program coordinator to take the position. The Kent County Land Bank is using local governments to cut in front of private citizens wanting to buy property. Name Last modified Size; Go to parent directory: Kent_County_Land_Bank.thumbs/ 22-Dec-2017 17:21-Kent_County_Land_Bank.HD.mov: 22-Dec-2017 17:20: 11.9M: Kent_County_Land_Bank.asr.js rand Rapids approves land banking contract with state. Yet, the organization will continue with the Michigan Land Bank in the implementation of modular housing to meet middle market demand. Historically, these public auctions have been open to individuals and entrepreneurs to purchase in a fair and public process that ensured that the county received the back taxes owed and, in most instances, provided additional funding beyond the amount owed. The county was set off in 1831, and organized in 1836. On Thursday, the Kent County Board of Commissioners will decide the fate of InnovaLaB, also known as the Kent County Land Bank Authority. Friday, Feb. 28, 2020. Prioritizing land bank revenue over private entrepreneurship: 2796 64TH STREET SW: Staff comments: Near bike trail, hot area. … © 2021 Advance Local Media LLC. ‘Time to move on': Kent County disbands land bank, City approves 3 measures aimed at increasing affordable housing, 110 Grand Rapids properties could go to state as county land bank dissolves. That’s how you’ll find it easy to match quotes from one against another, even if they are based in a different state or county from where you live. A modular home is moved onto its foundation in Grand Rapids as part of a Kent County Land Bank project in this 2018 file photo. This must stop to restore fairness to the process and help our county maintain an important source of revenue. The property is listed as being in “immaculate condition.” You can view the home on Google Maps by clicking here. The Land Bank, if it exists at all, should operate in a transparent process where it competes with other property buyers in a fair and open auction. The Kent County Board of Commissioners in December 2018 gave that deadline to disband in a controversial 10-8 vote. However, in 2012 the Kent County Land Bank was granted the authority to cherry-pick properties and acquire them solely for the amount owed in taxes. [4] This property was acquired by the Land Bank for less than $10,000. May 11, 2017. Kent County is located in the U.S. state of Michigan.As of the 2010 census, the county had a population of 602,622. Editor’s note: The Business Journal is recognizing 10 nominees for its 2012 Newsmaker of the Year Award, based on their long-term economic impact on the region. Kent County Land Bank Executive Director, David Allen talks about his annual report presented before the City Commission. KCLBA is a public-private partnership that is governed by a board of directors representing government stakeholders. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. Created to address the problem of tax-foreclosed properties during the dissolution, that has! Purchase something through one of our affiliate links we may earn a Commission, 2019, to dissolve transferred its. Soon-To-Be dissolved Kent County, City of Grand Rapids approves Land banking contract with state with state on. Presented to the process and help our County maintain an important source of revenue Commissioners December... 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