How Land Banks Are Transforming Blighted Urban Properties

Lucas and Luna dive into the mechanics of land banking—how cities and community groups acquire vacant, tax-delinquent properties to prevent blight and spur affordable development. Using Detroit's Land Bank Authority as a specific case, they explore the $1.2 billion impact on property values since 2014, the challenges of holding inventory, and why institutional investors are now partnering with land banks for patient capital. The episode also touches on the national spread of these programs and what it means for neighborhood revitalization. #LandBanks #UrbanRevitalization #Detroit #Blight #RealEstate #CommunityDevelopment #AffordableHousing #PropertyTax #VacantProperties #InstitutionalInvestors #PatientCapital #NeighborhoodRevitalization #PublicPolicy #UrbanPlanning #Business #FexingoBusiness #BusinessPodcast #RealEstatePodcast Keep every episode free: buymeacoffee.com/fexingo