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NYC Department of Housing Preservation & Development
Press Room

FOR IMMEDIATE RELEASE

January 27, 1999

Contact:
Cassandra Vernon
(212) 863-8076

HPD ANNOUCES NEW ROUND OF BUILDINGS BLOCKS!

Development and management of low income housing by community based not-for-profit organizations

Joining Mayor Giuliani at a reception at Gracie Mansion, New York City Department of Housing Preservation and Development Commissioner Richard T. Roberts today announced a new round of development of City-owned housing under the Building Blocks! program.

"Building Blocks!", Mayor Giuliani's comprehensive neighborhood redevelopment initiative, is designed to stimulate community renewal by returning City-owned properties to responsible private owners. This initiative targets clusters of occupied and vacant buildings the City acquired through tax foreclosure proceedings (In Rem buildings) for renovation and disposition to community-based owners.

As a result of this initiative, the City-owned stock is at an all-time low. Between Fiscal Years '94 and '99, the inventory of occupied and vacant In Rem Buildings is projected to be reduced by 52 percent, from 44,033 units to 23,132 units.

"Under Mayor Giuliani, HPD has made a decisive shift away from City ownership of properties and has developed several innovative community revitalization initiatives that promote private investment and productive partnerships, " said Commissioner Richard T. Roberts. "These initiatives reverse the deterioration and abandonment of the existing housing stock and generate new housing opportunities for all New-Yorkers."

As part of this latest round, HPD is issuing a Request For Qualification (RFQ) to invest approximately $177 million to develop more than 2,500 units under the Neighborhood Redevelopment Program (NRP) and Neighborhood Homes over the next three years.

NRP conveys clusters of occupied and vacant City-owned buildings to selected community based not-for-profit organizations for rehabilitation and operation as rental housing. Under Neighborhood Homes, the agency conveys occupied one- to four-family buildings to selected community-based not-for-profit organizations for rehabilitation and eventual sale to owner-occupants.

The Department of Housing Preservation and Development promotes quality housing and viable neighborhoods for all New Yorkers by acting as a catalyst for private sector investment and the economic integration of communities with the greatest need.

HPD Commissioner Roberts will announce a new round of development of City-owned housing under the Mayor's Building Blocks! Initiative. This initiative is designed to stimulate community renewal by returning City-owned properties to responsible private owners and targets clusters of occupied and vacant buildings the City acquired through tax foreclosure proceedings (In Rem buildings) for renovation and disposition to community-based owners. As a result of this initiative, between Fiscal Years '94 and '99, the inventory of occupied and vacant In Rem Buildings is projected to be reduced by 52 percent, from 44,033 units to 23,132 units.

As part of this latest round, HPD is issuing a Request For Qualification (RFQ) to develop more than 2,500 units under the Neighborhood Redevelopment Program (NRP) and Neighborhood Homes over the next three years. NRP conveys clusters of occupied and vacant City-owned buildings to selected community based not-for-profit organizations for rehabilitation and operation as rental housing. Under Neighborhood Homes, the agency conveys occupied one- to four-family buildings to selected community-based not-for-profit organizations for rehabilitation and eventual sale to owner-occupants.




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