Snyder signs order promoting efficiency of State Land Bank

 Lat Thursday, Michigan Gov. Rick Snyder issued Executive Order 2014-8 transferring administrative responsibilities of the State Land Bank Fast Track Authority to the Executive Director of the Michigan State Housing Development Authority.

The order streamlines State Land Bank operations by dissolving the Board of Directors and Executive Director position. The Land Bank has been housed within MSHDA since May 2013 as called for in Executive Order 2013-8.

“The Land Bank works closely with MSHDA on many revitalization projects across our state,” Snyder said. “This reorganization supports the most efficient use of time and resources ultimately ensuring improved customer service for our citizens.”

The State Land Bank will continue to exist as its own entity within MSHDA. All functions and duties of the Land Bank will operate independently of MSHDA and all funds will continue to be accounted for separately from state and MSHDA funds.

The State Land Bank was created in 2003 and works to promote the revitalization of neighborhoods and communities in Michigan. It encourages economic growth and community safety through blight removal projects, acquisition and sale of public property and support of local land bank operations. It is also overseeing redevelopment of the state fairgrounds.

The full text of E.O. 2014-8 is at www.michigan.gov/snyder.

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