Land Use & Zoning

In Michigan, a 'land bank' authority acquires:

AOnly agricultural land for state preservation
BTax-foreclosed and abandoned properties to facilitate their return to productive use✓ Correct
CProperties from homeowners facing foreclosure
DFederal land within the state

Explanation

Michigan land banks (established under PA 258 of 2003) acquire tax-foreclosed, abandoned, and blighted properties and facilitate their rehabilitation and return to productive use through sale, rehabilitation, or demolition.

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