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www.inghamlandbank.org
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• Eric Schertzing
• Ingham County Treasurer
• Ingham County Land Bank Chair
• eschertzing_at_ingham.org
• 517.676.7233
• www.inghamlandbank.org

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Ingham County Characteristics

• Population 282,452 (02 census)
• 16 township, 5 cities 3 villages
• 97,783 tax parcels
• SEV 9,714,044,382
• TV 7,857,288,668
• GF 08 81,882,492 Enabled 191MM
• 16 commissioners

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Ingham County Land Bank Formation

• Worked with Local Initiative Support Corporation,
  Genesee Institute, local governments and
  non-profits Community Development Corporations
  for much of 05
• 5 member board (Treasurer 4 public appointed by
  County Commissioners)

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County buy in

• Short term gain of auction
• Long term gain in wealth
• Leadership by many including County Treasurer and
  Board of Commissioners
• MI 48th of 50 states in public investment in
  housing!!

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Funding

• Property acquisition rights from County
• County Foreclosure process funds
• 1,000,000 revolving loan from Capitol National
  Bank and 3,000,000 from National City Bank
• City Home Funds NSP?

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County Brownfield Plans

• Michigan Economic Growth Authority Board approval
  Aug 07 (school tax)
• Late 07 bond of 1,975,000
• 138 parcels in 10 jurisdictions
• 08 amendment adds 274 parcels
• 08 City of Lansing only 275 parcels
• County Board stands behind loans

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Community Investmentby Land Bank

• 2006 700,000
• 2007 1,400,000
• 2008 3,600,000
• 2009 7,050,000 budget
• Entrepreneurial model

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Staffing

• 1 part time Executive Director (contract, June
  06)
• 1 shared employee with Treasury (Sept 07)
• 1 shared employee with Economic Development (Jan
  08)
• Full time tradesman
• County Treasurers time

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Capacity Building

• 3-4 properties per month as sales allow
• Lots to Habitat for Humanity
• Greater Lansing Housing Coalition
• Cristo Rey Community Center
• Canaan Community Development Non-profit Housing
  Corporation
• Franklin Street Community Housing Corporation
• Hometown Housing Partnership Incorporated (E.
  Lan.)
• Economic Development tool share
• HUD Good Neighbor Program (1)

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The Ingham County Land Bank Progress since
November 2005... 172 tax foreclosed
properties 46 1 Homes (HUD Good Neighbor
Program) 4 sold 5 demolitions, 10 more in
planning phase 200 sites maintained 56
properties in the Side Lot Disposition
Program (7 sold) 25 single family rehabs (6
in progress) 6 new constructions
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Before
2826 Timber Dr.
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Before
2826 Timber Dr.
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After
2826 Timber Dr.
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After
2826 Timber Dr.
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Demolitions
307 West Grand River Avenue one of the oldest
red-tagged houses in the City of Lansing
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New Construction
305 West Grand River Avenue Listed at 132,900
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Infill Housing
North Seymour Ave.
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Infill Housing
727 North Seymour Ave.
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727 N. Seymour Ave.Recap

• Sold 05/22/08 152,900.00
• Local Unit Rejection 0.00
• Construction Costs 138,478.60
• Other Costs 21,276.13
• Surplus (6,854.73)
• Brownfield Revenue 8,862.22
• Profit 2,007.49

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Land Banks in Michigan
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Arenac County Land Bank Berrien County Land
Bank Calhoun County Land Bank Cass County Land
Bank Genesee County Land Bank Gladwin County Land
Bank Grand Traverse County Land Bank Ingham
County Land Bank Jackson County Land
Bank Leelanau County Land Bank Muskegon County
Land Bank Ogemaw County Land Bank Saginaw County
Land Bank Wayne County Land Bank Corporation City
of Detroit
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Additional Resources

• Ingham County Land Bank - www.inghamlandbank.org
• Genesee County Land Bank www.thelandbank.org
• Ingham County Treasurer - www.ingham.org
• National Vacant Properties Campaign
• www.vacantproperties.org
• Genesee Institute - www.geneseeinstitute.org
• Dan Kildee, President

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Additional Resources Continued

• HUD 1 homes www.mcbreo.com
• Smart Growth America - www.smartgrowthamerica.org
• LISC Online Resources Library -
  www.lisc.org/resources
• Green builders council www.usgbc.org
• MSHDA www.michigan.gov/mshda
• Rural Development www.rurdev.usda.gov