Detroit Land Bank Authority
DLBA was established by the city of Detroit and the Michigan Fast Track Authority to strengthen communities through the management and redevelopment of vacant, blighted properties in Detroit.
TDG was selected by the Board of Directors of DLBA to serve as interim executive director. In its capacity as interim executive director for DLBA, TDG was responsible for all aspects of the start-up. This included:
- Established a principal office.
- Established bank accounts/banking arrangements.
- Prepared a preliminary budget and cash flow projections.
- Issued an RFQ for accounting services including the development of financial systems for budget monitoring and oversight.
- Identified staffing requirements.
- Prepare reports of program activities and outcomes.
- Worked with property owners in the public and private sectors to indentify properties for transfer to the DLBA.
- Interfaced with the State and County land bank authorities on the transfer of properties to the DLBA and to coordinate activities.
- Interfaced with developers, non-profits, community development corporations, businesses and neighborhood residents on their plans and proposals, as directed by the Board.
- Assisted the Board in Developing a mission statement, goals and objectives, and adopted by-laws.
- Assisted the Board in developing personnel policies and procedures.
- Established priorities, policies and procedures for the acquisition, management and disposition of properties.
- Issued an RFQ for title services.
- Developed a draft RFQ for property management and systems to organize and manage properties under its control.
- Developed draft policies and procedures for contracting and procurement.
- Negotiated NSP1 contract with the city of Detroit Planning and
- Development Department.
- Assisted in Developing strategic plan for NSP1 funds
- Coordinated the implementation of the NSP1 plan resulting in the obligation of $6.2 million in NSP1 Funds in less than 30 days
Performed due diligence review of potential transactions
Federal Program Management
Heritage served as a subcontractor on the project management team for the Wayne County Land Bank Authority, ($26 Million) and the city of Flint ($4.2 million) with responsibility for all aspects of the implementation of the NSP1 program. The team successfully obligated 100% of the NSP funds under management. Additional duties include:
- Program design
- Create program handbook
- Assist subrecipients/developers in developing project scope and proforma
- Develop project tracking system
- Coordinate subrecipient/developer acquisitions and insure compliance
- Assist subrecipients/developers with bidding process
- Assist subrecipient/developers in creating Section 3 compliance plan
- Monitor Davis Bacon when required
- Review requests for reimbursement
- Monitor subrecipient/developer activities for performance, outcomes and affordability
- Prepare performance measure reports for Client
- Prepare financial and program reports for Client
Corktown Partners LLC
Corktown Partners members include Larry Brinker, Jr., Emmit Moten, Mark Talley, Diggs and their related entities to participate in development projects. Sixth Street is the owner/developer of the former State Plaza site that consists of two former office towers totaling 600,000 square feet and approximately 8 acres of vacant land.
Corktown Partners was selected by Sixth Street to create and implement a redevelopment plan for the site. TDG is responsible for coordinating the strategy development, predevelopment activities and create the financial package for the project.
Heritage Realty Services, LLC
Heritage Realty Services, LLC is a full service real estate firm and is a licensed real estate broker in the state of Michigan. Heritage Realty serves both residential and commercial clients.
Heritage has represented clients in over $40 million of real estate transactions.
Local Initiative Support Corporation (LISC)
LISC has connected local organizations and community leaders with resources to revitalize neighborhoods and increase the quality of life. The LISC model assembles public and private resources and directs it to locally identified priorities.
Heritage was contracted by LISC to assist in the establishment of a Peoria, IL office. Heritage’s scope included:
- Stakeholder Outreach
- Create deal flow
- Technical assistance
- Capacity building
- Deal analysis and structuring