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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
Burroughs Boundaries

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 dozens of neighborhoods in Lucas County were considered, Burroughs was chosen 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 dedicated property owners but also a high incidence of vacant and abandoned properties that are bringing down property values; and it has an engaged and hard-working neighborhood organization ready to move the neighborhood forward.

Burroughs RISE Programs

Every Burroughs resident is invited to a community meeting to learn more about RISE in your neighborhood.

Wednesday, May 24, 2017
6:00 - 7:00 PM
Burroughs Elementary School - Cafeteria

Heritage Home Program & Matching Grants

Homeowners in Burroughs may use the Heritage Home Program to receive free and impartial advice about maintenance and improvements to their homes.  To start the process, homeowners must fill out and submit a Request for Technical Assistance.

At the Heritage Home Program visit, homeowners will learn about low-interest home equity and energy-efficiency loans available to make improvements.  Qualified homeowners may also be able to match up to $5,000 of investment with a RISE Matching Grant.

Storefront Improvement Program

Business owners may use the Storefront Improvement Program to improve the appearance and functionality of their commercial building in Burroughs.  Matching grants of up to $5,000 will be available for storefront improvements to qualified business owners.

More details to be mailed soon!

Homeownership Advantage

The Land Bank is working to acquire a number of vacant homes in Burroughs.  Under Homeownership Advantage, these homes will be fully renovated and offered for sale to qualified homeowners. 

The goal is to help support homeownership in Burroughs and also raise property values by achieving higher comparable sales over time.

Construction in progress - your patience is appreciated!

Community Engagement

The Land Bank will be working with the Burroughs Neighborhood Organization and neighborhood residents to assist with community-driven ideas to improve Burroughs and support place-making efforts.

Helping Library Village RISE - 2016 to 2017

During 2016 - 2017, the Land Bank worked closely with residents, Sylvania Avenue Neighbors, and the Five Point Block Watch to implement RISE in Library Village.

An investment by the Land Bank of just under $300,000 has leveraged an additional $1 million of new development and improvement to Library Village.

To learn more about the many successes, please read our Community Update to Library Village.