# Land Bank Authority - October 21, 2026


**Body:** The City of Grand Rapids
**Date:** October 20, 2026
**Jurisdiction:** SLED

**Tags:** Construction & Infrastructure, Grants & Funding


The City of Grand Rapids Land Bank Authority meeting on October 21, 2026, focused on a potential partnership with the Affordable Housing Fund Board. Staff reported that the Land Bank had requested $5 million to support affordable housing, while the fund board was reviewing competing requests and how to allocate approximately $9.57 million in proceeds from the sale of 2011 Market. The board is considering whether to support recurring project funding, pilot approaches intended to expand housing production, or other partnership models; it also asked about project readiness, expected units and affordability terms, and whether a smaller contribution could work. No funding decision or procurement award was made. A formal response from the fund board is expected after its November 4 meeting.

Members discussed possible uses of a partnership, including strategic property acquisition and aggregation, school-site opportunities, corridor redevelopment, and infill housing. They emphasized that any supported projects should secure affordability—potentially through deed restrictions or covenants—and discussed how the Land Bank’s acquisition, community-engagement, and development capacity could help bring projects forward. Members noted that the Land Bank does not yet have a specific major investment opportunity identified and that the $5 million request is not a fixed minimum. The discussion produced no formal vote or spending action; staff will relay the board’s feedback and emerging priorities to the Affordable Housing Fund Board.

**Source:** The City of Grand Rapids