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  2. How to buy land: A step-by-step guide - AOL

    www.aol.com/finance/buy-land-step-step-guide...

    USDA loan: If the land is in an eligible rural area and you plan to build your primary residence on it, you might qualify for a USDA loan from the U.S. Department of Agriculture. These loans ...

  3. Michigan State Housing Development Authority - Wikipedia

    en.wikipedia.org/wiki/Michigan_State_Housing...

    MSHDA was created as a result of the State Housing Development Authority Act of 1966 (Act 346 of 1966). [1] The purpose of this act was to establish funds in housing development, land acquisition and development, rehabilitation, conversion condominium fund, and to provide for the expenditure of certain funds.

  4. What property buyers should know about land loans - AOL

    www.aol.com/finance/property-buyers-know-land...

    For premium support please call: 800-290-4726 more ways to reach us

  5. From grants to low-interest loans, this state-by-state guide ...

    www.aol.com/finance/grants-low-interest-loans...

    Three active programs are available offering forgivable loans, deferred loans, and zero-interest loans. A credit score of 640 or higher is required, with a debt-to-income ratio of 50% or lower.

  6. Land banking - Wikipedia

    en.wikipedia.org/wiki/Land_banking

    Land banking originated in the 1920s and 1930s as a means of making low-priced land available for housing and ensuring orderly development. [2] The period of deindustrialization in the United States coupled with increased suburbanization in the middle of the 20th century left many American cities with large amounts of vacant and blighted industrial, residential, and commercial property.

  7. Eight Mile-Wyoming area - Wikipedia

    en.wikipedia.org/wiki/Eight_Mile-Wyoming_area

    Eight Mile presented itself as ripe for development because 72% of the 1 ⁄ 2-square-mile (1.3 km 2) area was vacant. The vacant land was owned by Blacks optimistically planning to construct future homes there or by banks and real estate firms that repossessed the land when poor residents defaulted on high-interest land contracts.

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