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No absentee landlords or faraway investors allowed. Only Michigan residents and businesses [...]
The idea is to lure neighbors, not investors or opportunists (#NeighborsWanted is the city's hashtag for the program). And that does not include out-of-state urban homesteaders dreaming of cheap property in Detroit. Right now, the land bank is focusing on otherwise intact neighborhoods, as opposed to those parts of town where vacant parcels outnumber the residents who've stuck around.
— washingtonpost.com
