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NYC Department of Housing Preservation & Development
Press Room


March 3, 2003

Press Contact:
Carol Abrams (212) 863-5176


Commissioner Jerilyn Perine 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 IV).

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, 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 Third Party Transfer Program is another way for the City to work with responsible private sector owners in rehabilitating residential properties," said Commissioner Perine. "This contributes to revitalized neighborhoods and is key to this administration's housing agenda. Mayor Bloomberg's plan, known as The New Housing Marketplace: Creating Housing for the Next Generation, will invest $3 billion over the next five years to create and preserve more than 65,000 homes and apartments in New York City's neighborhoods."

A copy of the RFQ may be obtained at HPD at 100 Gold Street, in Section 9-S or 9-O, Monday through Friday, 10:00 a.m. to 4:00 p.m. The RFQ, including forms and attachments, is available on the HPD web site at Respondents who choose to download the RFP must register online in order to receive any updates or additional communications regarding the RFQ. The RFQ contains a detailed description of the Program and its eligibility criteria and application requirements.

There is no application deadline to become a Third Party Transfer Qualified Developer. Applications will be reviewed in an ongoing basis. However, to be considered for properties in the upcoming Round IV of the Program, applications must be submitted no later than April 18, 2003.

A pre-submission conference will be held at 100 Gold Street, Room 1R, on March 12, 2003 at 2:00 p.m. Attendance is recommended but not mandatory.

Inquiries regarding the RFQ should be directed to:

Juliet Cullen-Cheung
Division of Housing Finance
100 Gold Street, Room 9-V1
New York, NY 10038
Telephone: (212) 863-6366
Fax: (212) 863-6407
TTY: (212) 863-7934

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 is the nation's largest municipal housing preservation and development agency. A major responsibility of the agency is to encourage preservation of affordable housing through education, outreach, loan programs, and enforcement of housing quality standards.

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