FOR IMMEDIATE RELEASE
March 6, 2000
Press Contacts: Carol Abrams (212) 863-5176
HPD ISSUES REQUEST FOR PROPOSALS FOR HOMEOWNERSHIP DEVELOPMENT ON 66 VACANT LOTS IN THE BRONX AND BROOKLYN
RFP Part of HPD's New Homeownership Program called "New Foundations"
Commissioner Richard T. Roberts of the NYC Department of Housing Preservation and Development (HPD) today announced the issuance of a Request for Proposals (RFP) to select builders for its "New Foundations" Homeownership Program. New Foundations is a new, streamlined City program that provides developers with maximum flexibility and encourages the participation of small contractors and developers.
The RFP solicits proposals for the construction of one-to-four family owner-occupied homes and cooperative/condominium units on 66 sites located in the Mott Haven and East Tremont/Bronx Park South neighborhoods in the Bronx and in the Brownsville and East New York neighborhoods in Brooklyn. These sites are among the last unimproved, derelict, and vacant city-owned lots in their communities.
The developers will be responsible for the design, construction and marketing of the homes. Developers will be selected in Summer 2000 and construction is expected to begin in Winter 2000. Developers must have construction experience and the financial resources and capacity required to construct and sell one-to-four family homes. Selection criteria includes the amount bid for the site and the feasibility of the proposed financing and development.
"Through the New Foundations Homeownership Program, HPD is making homeownership a reality for more New Yorkers and, in turn, expanding the City's community revitalization efforts," said HPD Commissioner Richard T. Roberts. "Since 1994, the City has helped 10,000 New Yorkers become homeowners through its various homeownership programs."
HPD will work with developers to expedite required regulatory approvals. However, no direct City subsidies are being offered for the New Foundations Homeownership Program; developers are responsible for obtaining or providing all necessary construction financing from private sources.
There are no income restrictions for homebuyers and no limitations on the rents which may be charged by homeowners for any rental units on homes constructed through the New Foundations Homeownership Program. At least one unit in the home must remain owner-occupied for twenty years following the initial purchase of the home from the developer.
The RFP may be obtained in person from HPD, 100 Gold Street, Room 9-P, Lower Manhattan, beginning today, March 6th, between 10:00 a.m. and 4:00 p.m. A $25 non-refundable fee in the form of a certified check, cashier's check, or money order payable to the "New York City Department of Finance" will be charged to cover the cost of reproduction of materials received. Inquiries may be made by calling (212) 863-6198.
A pre-submission conference will be held at 100 Gold Street, Room 1R, on Friday, March 24, 2000, at 10:00 a.m. Attendance is recommended but not mandatory.
Persons with disabilities requiring special accommodations either to pick up the RFP or attend the pre-submission conference should call (212) 863-6198 so that the necessary accommodations can be made.
Applications must be delivered by hand to HPD, 100 Gold Street, Room 9-P no later than 4:00 p.m. on Wednesday, April 26, 2000.
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.