Detroit Land Bank Authority Proposal Links
- Provide a brief statement of who you are and why you want to purchase the property. Please also include a proposed purchase price, contact information for the buyer (phone and email), and the name of the buyer or purchasing entity.
- What is your development plan for the property?
- What are your estimated renovation costs and development timeline for your project? A detailed scope of work is helpful.
- How do you intend to finance the project? Please include proof of funds for at least the equity portion of the
development costs in addition to pre-approval letters from lenders for construction loans if applicable. - Do you have any real estate development experience?
- Do you plan on pursuing tax abatements for your project, such as the NEZ (Neighborhood Enterprise Zone), OPRA (Obsolete Property Renovation Act), or PA 210 (Commercial Rehabilitation Act)?
- You are welcome to submit additional information that you think would be helpful when evaluating your proposal; such as: letters of support, a portfolio of past work, references, commitment to Detroit, etc.
- Provide a brief statement of who you are and why you want to purchase the property. Please also include a
proposed purchase price, contact information for the buyer (phone and email), and the name of the buyer or
purchasing entity. - What is your development plan for the property? Please include how many units you are proposing, the approximate square footage of each unit, number of bedrooms and baths, in addition to any other distinguishing features.
- What are your estimated project costs and development timeline for your project?
- How do you intend to finance the project? Please include proof of funds for at least the equity portion of the development costs in addition to pre-approval letters from lenders for construction loans if applicable.
- What are your plans upon completion of construction? Do you plan on living in the property, selling the property, or renting the property?
- Do you have any real estate development experience?
- We would prefer to see architectural renderings of what type of building you are proposing to build but understand that these can be expensive to produce just to submit an offer. At the very least you need to include-images that provide architectural precedent for your proposed building. Please also include what architect, or architecture firm, you plan on using for this project. A portfolio of the architect’s work would also be helpful.
- Do you have a construction company you plan to use?
- Do you plan on pursuing tax abatements for your project, such as the NEZ (Neighborhood Enterprise Zone), OPRA (Obsolete Property Renovation Act), or PA 210 (Commercial Rehabilitation Act)?
- You are welcome to submit additional information that you think would be helpful when evaluating your proposal; such as: letters of support, a portfolio of past work, references, commitment to Detroit, etc.
- Provide a brief statement of who you are and why you want to purchase the property. Please also include a
proposed purchase price, contact information for the buyer (phone and email), and the name of the buyer or
purchasing entity. - What is your overall plan for the property? Please provide as much detail as possible.
- Please provide a Plot Plan for your project. Please see Plot Plan Instructions for more detail.
- What are your estimated project costs and development timeline for your project? If the proposal contains a single-family residence, please include separate costs and timelines for the garden and the residence.
- How do you intend to finance the project? Please include proof of funds and/or pre-approval letters from lenders for construction loans if applicable.
- Do you have any specific Detroit experience with agriculture or gardening? Experience could include classes, volunteering, internships, jobs, general hobby interest, helping family with the garden while growing up, etc. If your experience isn’t Detroit specific, we’d still like to hear about it.
- You are welcome to submit additional information that you think would be helpful when evaluating your proposal; such as: letters of support, companies you plan on working with, pictures of previous garden/agriculture work, design images, references, commitment to Detroit, etc.
- Provide a brief statement of who you are and why you want to purchase the property. Please also include a proposed purchase price, contact information for the buyer (phone and email), and the name of the buyer or purchasing entity.
- Have you purchased any single-family homes from the DLBA?
- What are your estimated renovation costs and development timeline for your project? A detailed scope of work is helpful.
- How do you intend to finance the project? Please include proof of funds for at least the equity portion of the development costs in addition to pre-approval letters from lenders for construction loans if applicable.
- Do you have any single-family home renovation experience? If so, please provide a portfolio of past work that includes addresses of renovated homes and before and after renovation photographs.
- What are your plans upon completion of construction? Do you plan on selling the property or renting the property?
- Will you be hiring a contractor to perform the renovation work? If so the names of contractors and/or companies you plan on using is helpful including their Detroit experience and/or experience with similar product.
- You are welcome to submit additional information that you think would be helpful when evaluating your proposal; such as: letters of support, references, commitment to Detroit, etc.
- Provide a brief statement of who you are and why you want to purchase the property. Please also include a proposed purchase price, contact information for the buyer (phone and email), and the name of the buyer or purchasing entity.
- Have you purchased any single-family homes from the DLBA?
- What are your estimated project costs and development timeline for your project? A scope of work for each home including a timeline is helpful.
- How do you intend to finance the project? Please include proof of funds for at least the equity portion of the development costs in addition to pre-approval letters from lenders for construction loans if applicable.
- Do you have any single-family home renovation experience? If so, please provide a portfolio of past work that includes addresses of renovated homes and before and after renovation photographs.
- Do you have an existing rental portfolio of properties in Detroit? If so, how large is the portfolio and how long have you been in the Detroit market?
- What are your plans upon completion of construction? Do you plan on selling the property or renting the property?
- Will you be hiring a contractor to perform the renovation work? If so the names of contractors or companies you plan on using is helpful including their Detroit experience and/or experience with similar product.
- You are welcome to submit additional information that you think would be helpful when evaluating your proposal; such as: letters of support, references, commitment to Detroit, etc.
Scoring Criteria
The DLBA evaluates offers using the following criteria: Price, Feasibility of Project, Experience, Financing, and 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 at their website.
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.