Multifamily Preservation Program?
The City of New York (the “City”) Department of Housing Preservation and Development (“HPD”) invites Statements of Qualifications from qualified individuals and organizations (“Applicants”) to participate in HPD’s Multifamily Preservation Program (the “Program”). Under the Program, HPD may facilitate or provide financing for the acquisition and/or rehabilitation of financially distressed multifamily buildings and HUD Multifamily Buildings in New York City.
This RFQ has been issued to identify a list of qualified developers (“Qualified Developers”) who meet the Program’s eligibility requirements. Applicants may be individuals and organizations, both not-for-profit and for-profit, who have the experience, financial resources, and capacity required to rehabilitate, maintain, and manage multifamily housing. Responses to this RFQ are merely for the purpose of qualifying developers for the Program and are not applications to receive loans or any assistance from HPD.
This RFQ is in accordance with the Mayor’s New Housing Marketplace Plan, which responds to the changing housing needs of New York’s communities by committing to the protection of distressed multifamily housing. The Program serves the Plan’s critical goals of refining financial products to target overleveraged buildings, strengthening neighborhoods, protecting tenants, and ensuring the long-term viability of the City’s housing stock.
Interested parties may download the RFQ and the forms using the links below. The RFQ contains a detailed description of the Program, requirements, guidelines, eligibility requirements, selection process, and submission requirements.
Multifamily Preservation Progam RFQ (PDF)
Exhibit A_Multifamily Preservation Program RFQ Forms (Word)
Residential Development Experience (Excel)
Residential Management and Ownership Experience (Excel)
HUD Property Statement (Excel)
NEW: Qualified Developer List (PDF)