Media Advisory: Ingham County Land Bank, the City of Lansing and MSHDA Working Together to Renovate Ingham County Neighborhoods through the NSP2 Consortium

Media Advisory
For Immediate Release

Ingham County Land Bank, the City of Lansing and MSHDA
Working Together to Renovate Ingham County Neighborhoods
through the NSP2 Consortium

February 23, 2011 –Lansing, Michigan: The Ingham County Land Bank is proud to announce the Open House of one of their first NSP2 (Neighborhood Stabilization Program 2) properties in Lansing. The response from the neighborhood has been overwhelmingly positive and the Ingham County Land Bank, under the NSP2 program, hopes that the optimism helps aide the growth of more projects to come in the near future.

You are invited to attend a proactive Press Conference to gather more information about this story firsthand. Representatives from both city and county authorities will be in attendance to answer your questions. Please RSVP to Rebecca Eldridge at 517.708.2106.

WHO: Eric Schertzing, The Ingham County Land Bank
Gary Hiedel, Michigan State Housing and Development Authority
Representative from the City of Lansing

WHAT: Press Conference and Open House for first completed NSP2 property in Lansing

WHERE: 1525 Hull Court, Lansing Michigan 48915

WHEN: Press Conference: Thursday, March 3, 2011; 10:30 AM-­‐11:30 PM
Open House: Thursday, March 3, 2011; 4:00-­‐6:00 PM

WHY: With over 16,000 properties vacant in Ingham County, the Ingham County Land Bank, along with NSP2 and MSHDA, have teamed up to renovate these properties and address the negative effects of abandonment and foreclosure in local neighborhoods
MSHDA responded on behalf of the State of Michigan by proposing a Michigan NSP2
Consortium which involves 20 other entities, 12 municipalities and eight land banks.

On February 11, 2011 HUD awarded MSHDA and the Michigan NSP2 Consortium the larges
single award made nationwide under the NSP2 Competition. The Ingham County Land Bank is dedicated to improving the quality of our neighborhoods, while strengthening and stabilizing the community. The Land Bank will purchase, renovate and resell multiple properties in a designated area to create attractive purchases for future homeowners and commercial use.