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NYC Department of Housing Preservation & Development
Press Room

FOR IMMEDIATE RELEASE

June 28, 2000

Press Contacts: Carol Abrams (212) 863-5176
Kim Brown (212) 863-8076

HPD Issues A Request For Proposals for Round II of Cornerstone Program

New York City Department of Housing Preservation and Development (HPD) Commissioner Richard T. Roberts today announced the issuance of a Request for Proposals (RFP) for Round II of the Cornerstone Program. The program is a new construction initiative that will create more than 1,750 units of middle-income and market-rate housing over the next two years. Round II includes the largest remaining parcels of vacant land in the City's inventory. The eleven sites offered through the RFP, which will be used for residential and mixed-use development, are located in Manhattan Valley, West Central Harlem and East Harlem.

"The second phase of the Cornerstone Program will provide affordable housing critical to the revitalization of the community, as well as a commercial component that will contribute to the continuing revitalization of these northern Manhattan neighborhoods," said Commissioner Roberts.

As part of the RFP process, applicants will submit development proposals for each site in which they have an interest. The factors that HPD will consider when reviewing the proposals are creation of owner-occupied residential units and mixed-use property; the feasibility of the proposed financing and development; the quality and innovation of the proposed design of the site; and the extent and quality of the applicants' development, construction and management experience.

Interested applicants can obtain a copy of the RFP by visiting HPD's offices at 100 Gold Street, Room 9-8P, Monday through Friday from 9 a.m. to 5 p.m. A $50, nonrefundable fee in the form of a certified check or money order must be presented to receive the RFP. The check or money order should be payable to the New York City Department of Finance. Completed proposals must be hand-delivered to HPD by 4 p.m. on Wednesday, August 30.

A pre-submission conference will be held at HPD, 100 Gold Street, Room 1-R3 on Tuesday, July 11 at 1 p.m. Interested individuals and organizations are encouraged to attend the conference. People with disabilities requiring special accommodations to pick up the RFP or attend the pre-submission conference should contact Syreeta McFadden, senior project manager, Office of Development, at (212) 863-6091.

All communications and inquiries regarding the RFP must be directed to:

Syreeta McFadden, Senior Project Manager
Division of New Construction
100 Gold Street, Room 9P-8
New York, NY 10038
Telephone: (212) 863-6091
Fax: (212) 863-8055
TTY: (212) 863-7934

HPD reserves the right to negotiate with any number of developers, accept or reject any or all submissions received as a result of this RFP, or postpone or cancel this RFP in part or in its entirety.

HPD's mission is to promote quality housing and viable neighborhoods for all New Yorkers. The department is the nation's largest municipal housing development agency. Since Fiscal Year 1994, the agency has completed the construction or rehabilitation of nearly 58,000 units of affordable housing.




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