Bumstead bill remedies local stagnant acquisition challenges

first_img State Rep. Jon Bumstead, R-Newaygo, applauded today’s passage of House Bill 5398, which aims to help local governments consolidate small foreclosed properties by facilitating acquisitions of surrounding land for resale and potential development.LANSING, Mich. — State Rep. Jon Bumstead, R-Newaygo, worked with Newaygo County Treasurer Holly Moon to see this legislation through completion. Moon brought Newaygo and Lake counties’ foreclosure acquisition issues to Bumstead’s office in Lansing, helped guide the legislative process with her firsthand experience and testified before the House Committee on Local Government.“My legislation will help local governments utilize small parcels of land that were once unsalable,” Bumstead said. “This issue is specifically a problem for Newaygo and Lake counties, but may certainly be applicable in other rural areas of Michigan.”Many of the district’s small parcels are owned by a numerous public and private parties and are abandoned or indefinitely entwined in the tax foreclosure process. Newaygo County Treasurer Holly Moon worked the Legislature to help remedy the situation in the district, because Bumstead said the land could be used more resourcefully if properly managed.“I certainly hope every bit of Pure Michigan can be enjoyed and utilized in some way, and this bill could certainly help put available land to good use,” Bumstead said.HB 5398 allows a county’s foreclosure unit to acquire property owned by state, federal and other governmental entities to encourage sales of tax reverted property. The bill passed 104-5 with one abstained vote, and will go to the Senate for further consideration.### 09Sep Bumstead bill remedies local, stagnant acquisition challenges Categories: Newslast_img