Former Bank of America development exec joins Community Development Advocates of Detroit

[Article written by Sherri Welch and published on Crain’s Detroit Business.]

Former Bank of America executive Sonya Delley has joined Community Development Advocates of Detroit as executive director to continue her community development work in the city.

Selley, a Crain’s 40 under 40 alumnae from 2005, most recently served as senior vice president in community development banking for Bank of America, a position that was eliminated amid the collapse of the real estate market. Delley, 44, said she joined CDAD to continue working in the community and play a role in the development of Detroit.

Created in 1997, CDAD is a citywide trade association of over 80 community development organizations, foundations, financial institutions, educational institutions and individual supporters who share a commitment to community-based sustainable development in Detroit.

In another continuation of her community development efforts, Delley is leasing her upper flat in a house on Ferry Street, which in combination with the lower flat, will serve as a Moishe House, providing subsidized rent to about six young, Jewish professionals in exchange for their hosting of community programs for at least the next two years.

The effort is a program of the national Moishe House nonprofit, with additional funding from the Jewish Federation of Metropolitan Detroit.

The mission to bring young professionals to live and advocate for Detroit “is what I have personally worked so hard to accomplish,” Delley said.

“I spent many years financing the development of housing in Detroit … I couldn’t just finance the construction; I had to assist in developing the interest and awareness.”