RISE - Targeted Neighborhood Investment
Introduction and Goals
While the Land Bank is active in all the neighborhoods of Lucas County, an opportunity exists to target the tools and resources of the Land Bank at the neighborhood level in a comprehensive way. RISE (Rebuild Invest Stabilize Engage) is that effort.
RISE will work to revitalize the real estate market for home owners, furthering the goal of stabilizing and increasing property values; provide home repair assistance to existing home owners; provide financing and other incentives for new and existing neighborhood businesses; invest in place-making initiatives in partnership with neighborhood-based organizations; and partner on strategic nuisance abatement and code enforcement efforts.
The goals of RISE are to target available resources in a specific geographic area for at least 12 months in order to:
- Help stabilize the real estate market and preserve property values
- Build on resident-led momentum to advance neighborhood quality of life
- Encourage a sense of place and community
Helping Burroughs RISE
During 2017-2018, the Land Bank's Board of Directors has chosen the Burroughs neighborhood in South Toledo for targeted neighborhood investment under the RISE program.
While many neighborhoods in Lucas County were considered, Burroughs was targeted because of the intersection of many key elements necessary to see stabilization over time. Burroughs has a dense residential neighborhood and also strong commercial corridors; it has a strong home ownership core; and it has engaged and dedicated residents working to move the neighborhood forward.
Burroughs RISE Programs
RISE Matching GrantsIn partnership with our Heritage Home Program, a limited number of RISE Matching Grants will be available to qualified property owners to make necessary repairs to their homes. Up to 50% of the cost of your home project may be reimbursed by the Land Bank (max of two projects and $5,000). Read the Program Guidelines to learn more.
Deadline for Applications: September 2, 2017
Storefront Improvement Program
Deadline for Applications: July 31, 2017
The Land Bank will be working to identify up to 4 homes in the neighborhood to be renovated - top to bottom! These homes will be offered for sale exclusively to homeowners in order to help grow and stabilize the neighborhood.
Please excuse our dust as we work hard to make a difference!
The Land Bank will be working closely with the Burroughs Neighborhood Organization to help support resident-led initiatives in the neighborhood. Visit the Burroughs Neighborhood Organization to learn more!
Helping Library Village RISE
During 2016-2017, the Land Bank targeted its RISE Program efforts in Library Village in West Toledo. Read our Neighborhood Update to learn more about the positive work that was accomplished in partnership with the residents of Library Village.