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Urban property abandonment: From Blight to Opportunity

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Former Foreclosure Law. 4-7 year process. no clear title. hundreds of owners. low-end speculation ... funding: tax foreclosure fees: $4.1 million over 3 years, ... – PowerPoint PPT presentation

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Title: Urban property abandonment: From Blight to Opportunity


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The Genesee County Urban Land Redevelopment
Initiative
  • National Vacant Properties Campaign
  • Land Bank Authority Forum
  • Dan Kildee
  • Genesee County Treasurer
  • Chairman, Genesee County Land Bank
  • President, The Genesee Institute
  • dkildee_at_sbcglobal.net
  • 810-257-3024

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The Genesee County Urban Land Redevelopment
Initiative
  • Flints Story
  • Birthplace of GM and the UAW
  • 1970 population 193,000
  • GM employment peaked at 76,000 in the late 70s
  • 2000 population 120,000
  • 12 of housing stock abandoned Roger and Me
  • City government incapacitated receivership
    2002-2004

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The Genesee County Urban Land Redevelopment
Initiative
  • Former Foreclosure Law
  • 4-7 year process
  • no clear title
  • hundreds of owners
  • low-end speculation
  • indiscriminate foreclosure homeowners at risk
  • contagious blight
  • PA 123 of 1999
  • 1-2 year process
  • clear title judgement
  • property titled to county
  • tax liens eliminated
  • hardship postponements
  • intervention

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The Genesee County Urban Land Redevelopment
Initiative
  • The Genesee County Land Bank
  • Michigans first land bank
  • created in 2002, modified in Dec. 2004
  • 7 member Board of Directors
  • 9 staff, including sales, rehab., property
    management
  • land development team
  • planning team (University of Michigan faculty and
    staff)
  • funding tax foreclosure fees 4.1 million over
    3 years, land sales revenue, tax capture
    (Brownfield and 5yr/50)

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The Genesee County Urban Land Redevelopment
Initiative
  • Genesee Land Bank progress since 2002
  • 4400 foreclosures (7 of Flint)
  • 1350 foreclosure prevention cases
  • 287 Demolitions
  • 1300 sites maintained
  • 330 properties in Clean and Green program
  • 14 single family rehabs
  • 16 infill underway, 18 more initiated
  • 3.8 million mixed-use redevelopment of 30,000
    sq. ft. downtown building The Land Bank Center
  • 380 tons of debris removed in summer 2004

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City of Flint Properties Maintained
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The Genesee County Urban Land Redevelopment
Initiative
  • Land Bank Brownfield Redevelopment Plan
  • approved December 2004
  • 5 million financing
  • cross-collateralized scattered site TIF district
  • 2500 parcels included
  • 330 demolitions
  • environmental remediation for rehabilitation
  • 600 major cleanups
  • title clearance/insurance
  • site preparation/infrastructure development

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The Genesee County Urban Land Redevelopment
Initiative
  • The Genesee Institute
  • formed in 2004
  • mission research, training, and technical
    assistance regarding land banking, smart growth,
    and regional land use policy
  • funding Genesee County, C.S.Mott Foundation
  • National Vacant Properties Campaign Technical
    Assistance Project
  • Michigan Land Bank Technical Assistance Project
    (Saginaw, Ingham, Calhoun, Jackson, Grand
    Traverse)

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The Genesee County Urban Land Redevelopment
Initiative
  • Dan Kildee
  • Genesee County Treasurer
  • Genesee Land Bank
  • The Genesee Institute
  • dkildee_at_sbcglobal.net
  • www.thelandbank.org

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