Who We Are
The Wayne County Land Bank Corporation was formed in 2006 through an agreement between the Wayne County Treasurer and the Michigan Land Bank Fast Track Authority. Prior to the formation of the Detroit Land Bank Authority (DLBA) in 2009, the WCLB held in its inventory all Wayne County properties that were neither sold at foreclosure auction nor acquired by the state, city, or county through the right of refusal process. Since the formation of the DLBA, the WCLB holds all of these unclaimed properties with the exception of those located in Detroit. Currently, the WCLB holds title to over 1,000 properties throughout Wayne County.
The mission of the WCLB is to return tax-foreclosed and abandoned properties to productive use, contribute tax revenue to Wayne County, and promote community rehabilitation across its municipalities. Three main objectives drive the WCLB’s operations:
- Preserving or increasing property values throughout Wayne County by actively developing vacant, under-utilized, and blighted properties.
- Engaging in economic development projects that create or preserve jobs and increase tax revenues.
- Preserving real estate for public purposes, e.g. public transportation, public parks, green infrastructure, and to support humanitarian initiatives. Working with state, local, and non-profit partners to dedicate land bank properties for public use.
Most of the WCLB’s inventory is vacant residential property. However, the WCLB has broad authority under state law to acquire and assemble property. Additionally, the WCLB has the ability to quiet title to properties on an expedited basis. These tools allow the WCLB work with municipalities and non-profit or for-profit companies to acquire foreclosed properties before they are offered at public auction, thereby reducing the risk that speculators will purchase the properties and neglect them. The WCLB can then clear title to the properties and ensure that they are developed in a timely manner. The WCLB hopes to achieve its mission and objectives through the following programs and projects: