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NYC Department of Housing Preservation & Development
Press Room

FOR IMMEDIATE RELEASE

April 17, 2000

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

HPD ISSUES A REQUEST FOR QUALIFICATIONS FOR
ROUND II OF THIRD PARTY TRANSFER PROGRAM

Commissioner Richard T. Roberts of the New York City Department of Housing Preservation and Development (HPD) today issued a Request for Qualifications (RFQ) for its Third Party Transfer Program (Round II). The RFQ will determine the eligibility of responding individuals and organizations to take title to tax foreclosed residential properties located throughout Manhattan, Brooklyn and the Bronx.

The Third Party Transfer Program, created under Local Law 37, allows the City to transfer title of tax delinquent residential properties directly from the tax delinquent owners to responsible new owners without ever taking title itself. The transfer takes place at the conclusion of a tax foreclosure proceeding.

The Program seeks individuals and organizations interested in developing, owning and managing residential property, and is open to for-profit and not-for-profit entities that are neighborhood-based or operate citywide. All candidates must demonstrate experience, financial resources and the capacity to rehabilitate, maintain and manage multi-family housing and/or rehabilitate and sell one- to four-family homes.

"The Third Party Transfer Program is another way for the City to work with responsible private sector owners in rehabilitating residential properties," said Commissioner Roberts. "This effort will help revitalize areas of Manhattan, Brooklyn and the Bronx where clusters of deteriorating buildings and vacant lots exist."

Interested parties can obtain a copy of the RFQ beginning Monday, April 17, by visiting HPD's office at 100 Gold Street, Room 9-S weekdays from 9 a.m. to 5 p.m. The fee for the RFQ is $25, payable by certified check, cashier's check or money order to: NYC Department of Housing Preservation and Development. Individuals or organizations that qualified for the previous Third Party Transfer Program RFQ of December 1998 are exempt from this fee.

HPD will hold a pre-submission conference for interested parties on Tuesday, May 16, 2000 at 100 Gold Street, Room 1-R3. Interested parties are strongly urged to attend the pre-submission conference. Attendees must submit questions for the conference no later than Monday, May 8. Questions should be mailed or faxed to:

Joan Wan, Division of Housing Finance
100 Gold Street, Room 9-S10
New York, NY 10038
Telephone: (212) 863-6204
Fax: (212) 863-6407
TTY: (212) 863-7934

Persons with disabilities requiring special accommodations either to pick up the RFQ or to attend the pre-submission conference should call (212) 863-6204 so that the necessary arrangements can be made.

All completed RFQs must be delivered by hand to HPD, 100 Gold Street, Room 9-P no later than 5 p.m. on Friday, July 14, 2000.

This RFQ does not commit HPD to negotiate with qualified developers. HPD expects to qualify many more potential developers than available properties, and therefore many qualified developers will not receive properties. HPD reserves the right to negotiate with any number of qualified developers, accept or reject any or all submissions received as a result of this RFQ, or postpone or cancel this RFQ 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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