Discovering and applying new and innovative economic development tools, models, policies, and programs
Creating Jobs and Wealth in Distressed Michigan Communities
2022: Community Land Trusts and Land Banks: Understanding the Opportunities and Barriers to Affordable Housing and Placemaking
Student-Led, Faculty-Guided Project - 2022
Authors: Wayne Beyea, Ian Thompson, Jake Money, Armin Mouly
Summary
This project will address the opportunities and barriers to coordinated transfers between Land Banks and Community Land Trusts to create a pipeline of low-cost properties that could be redeveloped as permanently affordable housing or community serving placemaking amenities. National and local case studies will be explored to learn how a combined redevelopment plan could provide an enduring solution to pressing community needs in affordable housing and placemaking of urban vacant land. Ultimately, it is anticipated this project will provide land banks in Michigan with a greater awareness for opportunities to collaborate with Community Land Trusts to achieve affordable housing and placemaking objectives.
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