In addition to online sales platforms, the DLBA lists some properties on the
traditional real estate market. The Projects Team works with DLBA Board-approved brokers to market
buildings, lots, and houses that aren't a good fit for the Auction, Own-it-Now, or Side Lot programs. View current
listings below and submit proposals to the appropriate
Broker Details :
Leonard Pickett, 313.510.7887, firstname.lastname@example.org
James Bufalino,313.806.1303, email@example.com
Vacant lots in markets that can support new residential construction. Please review the proposal guidelines before submitting an offer to the appropriate broker in the below listing.
Bundles of single-family houses in the same neighborhood. These bundles are designed for small-scale developers with capacity to rehab multiple houses at once. Buyers must purchase all properties in the bundle. Please review the proposal guidelines before submitting an offer to the appropriate broker in the below listing.
Commercial structures, lots, and residential buildings with two or more housing units. Please review the proposal guidelines before submitting an offer to the appropriate broker in the below listing.
Residential properties that require significant resources for renovation. A demolition and new-construction proposal may be considered in certain markets. Please review the proposal guidelines before submitting an offer to the appropriate broker in the below listing.
Land Based Project listings target community organizations or for-profit buyers that will activate vacant lots for agriculture, gardening, gathering space, or beautification. Some listings may include vacant lots and a house that can be used as a residence or workspace. Please review the proposal guidelines and plot plan instructions before submitting an offer to the appropriate broker in the below listing.
Please find proposal guidelines for each type of DLBA marketed property below.
The DLBA evaluates offers using the following criteria:
- Feasibility of Project
- Neighborhood Benefit
To receive points for Neighborhood Benefit, respondents must meet with neighborhood representatives and introduce their proposed project. Projects that offer tangible community benefit will receive additional points. The DLBA, and/or City of Detroit, can provide more information about active community organizations in each neighborhood.Lastly, points may be awarded for proposals where the applicant has included a certificate from the Office of Civil Rights, Inclusion and Opportunity for their business or company. More information about certificates offered can be found here.
Private Sector Gap Financing Options:
Tax Capture Disclaimer – 5/50
Buyers seeking certain tax abatements or lot
combinations that conflict with the land bank’s 5/50 tax capture may have to make an
additional payment to the DLBA.
After a Michigan land bank conveys property to a non-tax-exempt entity, the land bank receives 50% of taxes collected on that property for five years, known as a 5/50 (P.A. 260 & 261). The Assessor’s office places properties sold by a land bank on a specific tax roll to process the tax capture. However, the Assessor’s office also uses specific tax rolls for many abatements such as the NEZ, OPRA, PA 210, etc. Since the State of Michigan does not allow a property to be on two specific tax rolls at the same time, DLBA buyers need a 5/50 waiver from the DLBA before seeking applicable tax abatements and lot combinations. If buyers seek a waiver, the DLBA requests payment of the estimated five-year tax capture amount upfront.