Many of the parcels identified for disposal by the Department were acquired through the tax reversion. By law, the Department could retain these lands from tax auction if they were believed to have a management purpose. Upon evaluation under the Land Consolidation Strategy the Department has determined that some of these lands do not significantly further the management needs of the Department. As these lands were never managed by the Department, they are being transferred to the Michigan Land Bank Fast Track Authority for their disposal.

The State of Michigan Land Bank Fast Track Authority ("Authority") was created under Public Act 258 of 2003 ("Act") with the mission of returning blighted tax reverted properties to productive and economically viable use. The Act enables the Authority to own, accept and hold property through gift, transfer, and conveyance. It also allows the Authority to manage, sell, exchange, lease, option, renovate, develop, and demolish properties in its inventory, and furthermore, employ other legal means as prescribed by the Act.

The Authority may dispose of property in a manner and for an amount of consideration that is proper, fair, valuable, and in the best interest of the community. The Authority may borrow money, issue bonds, solicit grants and retain proceeds it receives from the sale or rental of property in order to execute its responsibilities. It also has the ability to initiate an expedited quiet title action to real property held under Authority jurisdiction.

Go to the Michigan Land Bank Fast Track Authority website for further information.