November 25, 2025
The Detroit Land Bank Authority and City Council have finalized a one-year agreement to collaborate on neighborhood stabilization efforts after operating without a formal contract since December 2023. The new memorandum of understanding largely mirrors the previous agreement from 2020, though it includes enhanced provisions for assisting residents in land bank-owned properties and introduces substantial discounts for community land trusts acquiring property. These trusts can now receive 50% discounts for beautification and affordable housing projects, with steeper 80% reductions available for developments dedicating at least 25% of units to low-income residents.
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