20 Year Land Bank Impact Report

From the desk of Michelle Thompson, Executive Director, MLBA

Land Banks starting forming in Michigan more than 20 years ago. Since that time, land banks have spread and

evolved. I witnessed this evolution during my time as the Benzie County Treasurer and Land Bank Executive

Director. While land banks are most commonly associated with Michigan’s most urban places, most land

banks are small and are located in less populated and more rural places - places like Benzie County.

In 2023, the Michigan Land Bank Association (MLBA) began an endeavor to celebrate the first two decades

of land banking in the state. Thanks to generous support from the W.K. Kellogg Foundation, the MLBA

commissioned this report. The purpose of the report is to quantify the statewide impact of Michigan land

banking during its first 20 years. This is important work for clarifying the value generated by land banks. This

was not an easy task. From a technical standpoint, this report involved an unprecedented effort to collect

historic data from all of the dozens of local land banks that had formed in Michigan. As part of this process, a

new partnership was formed between the Michigan Land Bank Association and the Michigan State Land Bank,

one that hopefully will last for years to come. Conceptually, this report was charged to deliver a message that

is relevant in both state-level deliberations and local-level conversations.

I am thrilled to introduce Game Changers: Rebuilding Michigan’s Cities, Rural Communities and Everywhere

in Between a 20-year impact report that over delivered in every respect. The report presents rigorous impact

analysis through thoughtful design in a way that makes complicated information easy to understand. The

findings are powerful and pave the way for thinking about the future of Michigan land banking.

Projects

The Michigan Land Bank Association is proud to share the following Project Spotlights from land banks across the state:

Land Bank Impact Study

Michigan is a pioneer in the land bank movement and was the first to enact legislation establishing land banks.  Michigan has been a model for more than a decade.
Today, we’re releasing a study that shows the reach of our 40 land banks and the economic impact they have in their communities.  Read the full impact study by DynamoMetrics here.

Impact Study Key Findings:

  • Removing blight improves public safety, beautifies the community and increases neighborhood pride.

  • The study found land banks help increase home values by as much as 6 percent and reduce foreclosures by removing or rehabbing blighted properties.

  • The study also highlights the positive economic impact land banks have on the communities they call home, and demonstrates how they help create jobs through projects big and small.

  • Land Banks are fueling economic development and growth throughout Michigan by returning properties to the tax rolls and productive use.

  • This report also creates a roadmap for our association and our members to remain leaders in land banking for decades to come.

After all, Michigan is not just the Great Lakes State.  It’s the Great Land Bank State.