THE BRIDGES TO HOMEOWNERSHIP TEAM An Experienced Team Committed to Fitzgerald Average of 30 years Development Experience/Each. KB Stallworth, Black Caucus Foundation of Michigan & Creator of Bridges to Home Ownership. Community Advocacy Since 1985 (31 years). Al Bogdan, CEO AABDS, Project Manager Former CDC Director, State Economic Development Director, Wayne County Housing Director, Michigan Magnet Fund Manager, Invested $145 Million in Low Income Areas, Rehabbed & Built 300 Homes in Highland Park & Hamtramck, Presently Working on Neighborhood Strategy Gesu & Focus HOPE John Jackson, President McKenna Associates, Leading Michigan Urban Planning Firm, Landscape Architects Andy Munro & Chris Aldridge, Realty Services Company + Love Funding, Cinnaire and IFF Community Development Financing Institutions (CDFI) KMG Prestige, Leading Affordable Housing Management Firm in Michigan Fitzgerald Community Farms Land Development Partner, Track Record in Neighborhood Restoration, Track Record in Urban Farming 10/4/2016 1
OUR PRINCIPLES Detroiters Rebuilding Detroit For Detroiters Create a Beautiful, Walkable, High Quality, Vibrant Neighborhood Increase Property Values For Homeowners Preserve Affordable Rents Create An Affordable Path To Home Ownership For Renters Provide Training And Employment Opportunities for Detroiters Prevent Foreclosures Provide Family Stability Resource Support Commit To Whole Neighborhood, RFP IS Just Phase 1
BRIDGES TO HOME OWNERSHIP CORPORATION We Are Leading The Solution With Private Capital We Are Rehabbing And Selling Homes NOW Agreement With Detroit Land Bank 200 Occupied Housing Procedures In Place For Property Transfer We Are Transferring Property NOW Capacity Established To Rehab 40 Units / Month Sell Under Land Contract Or Mortgage $2 Million In Private Capital In The Bank We Are Doing It NOW & Ready To Do Fitzgerald Neighborhood
PROPERTY REHAB WE ARE DOING IT NOW Before After
PROJECT OVERVIEW Restore Estimated 77 Homes Rental Until Neighborhood Stabilized Manage & Maintain Properties Transition Renters to Owners Project $65,000 Rehab Per House Remove 40+ Blighting Buildings FCF To Maintain Attractive Lots Maintain Affordability Section 8 Vouchers Prioritize Current Occupants & Residents Nuisance Abatement-Add 130+Vacant Buildings Create Local Jobs Use Detroit Construction Workers Vacant Lots - Urban Agriculture 14 Permanent Jobs $30k Each Employee Ownership Community Hubs Common Gathering Areas
Creating a Quality Neighborhood Beautiful Open Spaces, Gardens, Landscaping, and HUBs Together
COMMUNITY ECONOMIC INVOLVEMENT We Create Local Career Opportunities Outreach & Training Engage Young Adults Soft Skills Development Pathway To Permanent Jobs Direct Job Placements Construction & Trades Apprenticeships Urban Farming Entrepreneurship Bridges To Entrepreneurship Team Track Record 1000 Detroit Students Exposed Construction Careers Annually 500-800 Adult Job Placements Annually Michigan Prisoner Re-entry Success 139 Jobs Created 80% of Construction Payrolls From Community Raised More Than $3 million For Local Business Development
CONTINUOUS COMMITMENT TO COMMUNITY Our Bethune Program - Setting The Stage For Life Long Success Adolescent Substance Abuse Prevention Life Skills Program Active Workforce Development For Construction Skills Curbside Appeal Program Professional Maintenance Of Lots & Solar Safety Lights Snow Removal Available At Cost To All Ongoing Stabilization Activities Bridges To Ownership Program Turning Potential Eviction To Ownership Foreclosure Prevention Advocacy More Than 2400 Tax Interventions Annually
NEIGHBORHOOD IMPACT 1. All Blighted Properties Removed or Improved 2. All Lots Landscaped and Maintained 3. Owner Property Values Increased 4. Rental Affordability Maintained 5. Safety Increased Via Solar Lighting Program 6. Neighborhood Jobs & Careers Created 7. Tenants Transitioned To Ownership 8. We Achieve A Quality, Vibrant, and Walkable Neighborhood
F A M I L Y I M P A C T