A new proposal from the MN House of Representatives, sponsored by Rep. Matt Norris (DFL-Blaine), “would place in statute the purpose of a land bank: to acquire, hold or manage vacant, blighted, foreclosed or tax-forfeited property for future development, redevelopment or disposal. Read the article on the Minnesota House of Representatives webstite.
With time, guidance and access to down payment assistance, Gwen purchased the home she once feared losing. LBTC’s model made her path to ownership possible.
A once-vacant North Minneapolis home on the 4800 block of Emerson Avenue North was brought back to life through Land Bank Twin Cities’ quick action and financing partnership, part of a pilot program returning investor-owned houses to community ownership.
A North Minneapolis home once neglected by a hedge fund is now ready for a new owner, showing how Land Bank Twin Cities and partners are turning investor properties into pathways to homeownership.
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