GRAND RAPIDS, MI -- InnovaLaB, the rebranded Kent County Land Bank, is in talks to bring about 200 modular homes to a number of communities across the state next year.
InnovaLaB Director David Allen says the land bank is budgeting next year to help implement 200 modular homes, with "well over" 100 of them coming in the spring if all goes to plan.
Over the summer the land bank rebranded itself as InnovaLaB, an at-cost broker of modular homes for vacant public lands. Realtors and developers pay a fee to build the modular homes on other property.
The home prices range between $159,000 to $239,000, depending on the size, model and finishes. Allen billed the price range as a sweet spot for "workforce housing," or homes for income earners who are out-priced by their area's housing market.
Word traveled fast across the state about the enterprise.
Soon after rebranding, non-profits, governments and for-profit developers in a number of out-county communities reached out to land bank staff about the modular model branded "InnovaHomes."
Those communities include Flint, Muskegon, Muskegon Heights, Romulus, Marquette, Hamtramck, Canadian Lakes and Newaygo..."
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