Bridges to Homeownership

Download the public presentation
Download the team’s resumes

Contact Information:

Al Bogdan,

Team Members and Partners:

Al Bogdan, KB Stallworth, Andrew Munro, Christopher Aldridge, Zev Cohen, John Jackson, Aaron Smith

  • AAB Development Strategies
  • Realty Services Company
  • McKenna Associates
  • Detroit Development Company
  • KMG Prestige
  • Motor City Grounds Crew

Proposal Highlights

  • Goal is to create a stabilized neighborhood with affordable and market-rate housing
  • Proposed an additional phase of acquiring additional properties within the neighborhood and rehabilitating them as well
  • Opportunity for side lots, lighting program, creating chess & other gathering hubs, landscaping, explore creating a Special Assessment District
  • Experience in partnering with the Detroit Land Bank Authority to rehabilitate occupied properties
  • Project complete by mid-2018

Workforce Opportunities

Local hiring: 10 permanent full-time employees, Bridges to Employment and Entrepreneurship programs for construction and agriculture job training, commitment to over 51% of Detroit labor for construction at living wage.

Proposed Project Size

  • Number of houses rehabbed: 77
  • Number of houses demolished: 30
  • Total Development Cost: $8,610,600
  • Proposed Funding Sources: Equity, FHA-insured financing, 4% Low-Income Housing Tax Credits (LIHTC), and public subsidy