Neighborhood Lots require a Principal Residence Exemption (PRE) as part of the purchaser eligibility requirements. In order to do so, you will need to do the following: If there are multiple, eligible applications for a lot within 10 days of the first complete application, the DLBA will give preference to the applicant whose home is street adjacent to the Side Lot. secured with doors, windows and openings locked or boarded. required to: Within 45 days of closing ALL property owners This process can take up to a year. After paying your deposit, you will receive a copy of your Purchase Agreement in your email. Find more information here. Learn about the details here. officially closed on the purchase of the property. Have the endorsement of an approved Neighborhood Lot Endorser (see question below for more information). team’s goal is to decrease blight and increase occupancy throughout the City of Detroit by supporting Occasionally framed as a quasi-governmental entity, the Detroit Land Bank operates a number of programs to reduce the number of Detroit properties that are currently in public ownership. If you are interested in combining a DLBA purchased property with a privately held or privately purchased property you will likely need apply to the DLBA for a 5/50 tax waiver before you can go to the City Assessor’s office to begin the process of combining the property. progress as an update. Use their URL to upload photos of all four 0% Home Repair Loans The Detroit 0% Home Repair Loans Program offers 0% interest loans from $5,000 to $25,000 to help Detroit homeowners invest in and repair their homes – promoting public health and safety, increasing property values and helping residents secure and maintain homeowner’s insurance. Photos must show that the exterior is clear of debris and the yard is maintained. property is leased or listed. You will be given an overview of the DLBA process and given a chance to ask questions. If you win the bidding on an Auction house, your credit card will be charged $1000 dollars as a nonrefundable deposit. A group of Detroit residents celebrated becoming homeowners Tuesday thanks to an innovative program at the Detroit Land Bank. This URL is This will be released if you do not win the auction. property to meet the compliance requirements, Step 4: Use your update The DLBA will do the paperwork and file it with the City Assessor’s office on your behalf. For the best experience on our site, be sure to turn on Javascript in your browser. To purchase a neighborhood lot, an applicant must: A Principal Residence Exemption (PRE) is a property tax designation managed by the City Assessor. progress photos to the Compliance Team. Detroit Land Bank buyback program gives residents second chance at home ownership . The DLBA only sells property to buyers who satisfy the following eligibility requirements: Buyers must be Michigan residents (or residents of other states committed to moving to Detroit to occupy the property) or companies/organizations licensed to do business in Michigan AND, Have no delinquent property taxes in Wayne County, Not lost property other than primary residence due to unpaid taxes in Wayne County in the past three years, Have no outstanding blight violations or code violations with the City of Detroit, Are not currently in the midst of bankruptcy proceeding(s), Are compliant in any Nuisance Abatement proceeding(s). There is no active water service new Neighborhood Lot Endorser ( see question below for more information ) minutes. Be given an overview of the Lot a Neighborhood Lot program institution with their data... And must increase in increments of $ 100 the exterior is clear of.. 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