315 East Frank Street
About the project
Bogan Developments, LLC was founded in 2020 by Jamauri Bogan. The real estate development company is focused on tackling the needs of moderate to low-income communities through mixed income developments.
Bogan Developments is based in Kalamazoo, MI.
LISC provided a $3.14 million construction loan to suppot the development of a new mixed-use property that will include 13 rental units and a 2,000 sq. ft. childcare center operated by the YMCA. Eight of the 13 units will be affordable to households making no more than 80% AMI.
“Right now the focus is –– No. 1, (building) affordable housing, which is the crisis that is going on all over America. No. 2 –– it’s providing neighborhood services that are missing in our African-American community.”
––Jamauri Bogan
Partner:
Bogan Developments, LLC
Location:
Kalamazoo, MI
Total Investment:
$3.14 million
Results:
13 units
2,000 sq. ft.
Project Category:
Affordable Housing; Access to Essential Services
Sub-category: Community Services
Product:
Construction loan
UN SDGs:
