• The Ingham County Land Bank will offer select houses for sale at the current fair market value of the property "as is."
• The Ingham County Land Bank will offer a land contract to buyers. The land contract will require down payment of 10% of purchase price.
• Buyers will be required to complete an application for participation in the program.
• Payments on the land contract will be delayed for 90 days to allow completion of work required to meet building codes prior to occupancy.
• Agreements between the Land Bank and the buyer will describe repairs and energy conservation improvements to be completed on the property.
• The Land Bank will arrange a home inspection and energy audit for each home and will use the reports to create agreements for rehabilitation and energy improvements to be completed by the buyer.
• The Land Bank will give the buyer performance credits on the land contract for completed repair work required in the agreement up to 25% of the purchase price of the property.
• The Land Bank will give the buyer performance credits on the land contract for completed energy improvements in the agreement up to 25% of the purchase price of the property.
• Buyers will be required to complete an eight hour pre-purchase homebuyer education class.
• Sale documents will include an owner-occupancy restriction.

Ingham County Land Bank Board:

• Eric Schertzing, Chair
• Deb Nolan, Vice-Chair
• Rebecca Bahar-Cook, Treasurer
• Brian McGrain, Secretary
• Debbie De Leon, Member