The Ingham County Land Bank has created more than $56 million in economic activity and more than 400 jobs, according to a Michigan State University study.
According to excerpts from the article:
The study examined home sale price data from 2006 to 2012. MSU researchers determined that homes closest to a renovated land bank property sold for 5.2 percent more in that time period. Those farther away, between 500 and 1,000 feet, saw sale prices drop by 9.5 percent.
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