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Josh Leffingwell

Grand Rapids Business Journal – County land bank rebrands as InnovaLaB

The Kent County Land Bank Authority recently announced a rebranding effort as a precursor to the organization’s heightened focus on developing more affordable housing, as well as delivering market-rate housing at prices affordable to the “missing middle” buyers. The organization is in the process of changing its name to InnovaLaB to reflect on its new efforts to partner with developers and nonprofits to provide more housing at an affordable rate. “We believe the name reflects what we want to be,” said Ken Parrish, InnovaLaB board chair. “We want to be innovative, and we want to be a laboratory for providing […]

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Ezekiel M.

Kent County Land Bank Authority is now InnovaLaB

InnovaLaB What’s in a name?  Land banks have operated throughout the State of Michigan for 15 years.  If one happens to know about land banks it is usually from the work being done in Flint and Detroit where the local land bank authority owns tens of thousands of blighted problematic properties.  If one has no idea what a land bank is, they often ask “Are you a bank that holds land?” The fact is the legislation that enables land banks to exist states that “The Land Bank Act addresses a need to strengthen and revitalize the economy of this state […]

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