FOR IMMEDIATE RELEASEHPD ISSUES RFQ FOR ROUND VI OF NEIGHBORHOOD ENTREPRENEURS PROGRAM Seeking Neighborhood-Based Property Owners and Managers to Develop Nearly 1,500 Units of Affordable Rental Housing in the South Bronx, Harlem, Washington Heights, Bushwick and Central Brooklyn
April 7, 2003
Press Contact: Carol Abrams (212) 863-5176
To request a homeownership kit, call 311.
Click here for HPD's lists of affordable homes
New York City Department of Housing Preservation and Development (HPD) Commissioner Jerilyn Perine today issued a Request for Qualifications (RFQ) for Round VI of the Neighborhood Entrepreneurs Program (NEP). The Program enables neighborhood-based property owners and managers, called "entrepreneurs," to own and manage clusters of occupied and vacant City-owned buildings.
HPD expects to designate ten entrepreneurs to develop nearly 1,500 units in 120 buildings in the South Bronx, Harlem, Washington Heights, Bushwick and Central Brooklyn.
"We are continuing our efforts to revitalize neighborhoods throughout the City and taking another step toward fulfilling Mayor Bloomberg's housing plan, known as The New Housing Marketplace: Creating Housing for the Next Generation," said Commissioner Perine. "Through the plan, the City 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."
Buildings selected for NEP will be sold to the Neighborhood Partnership Housing Development Fund Company Inc. (NPHDFC), a not-for-profit corporation staffed by personnel supplied by The Enterprise Foundation. The NPHDFC coordinates and supervises the development of the various clusters and their respective entrepreneurs. It also serves as a liaison between HPD, the entrepreneurs, and private lending institutions. The NPHDFC has co-administered NEP in collaboration with HPD since 1996.
"The Enterprise Foundation is thrilled to be continuing our long partnership with HPD by participation in Round VI of the Neighborhood Entrepreneurs Program," said Rafael E. Cestero, Director of The Enterprise Foundation's New York Program. "Together we have developed thousands of units of affordable housing, and we look forward to new and innovative ways to continue this important work."
Neighborhood-based for-profit property owners and managers who wish to participate in the Program may obtain a copy of the RFQ in person from the Neighborhood Partnership Housing Development Fund Company at the offices of The Enterprise Foundation, 80 Fifth Avenue, 7th Floor between 9 a.m. and 4 p.m. The RFQ can also be downloaded from nyc.gov/hpd
To be considered, potential entrepreneurs must either live, work or do most of their business in the South Bronx, Harlem, Washington Heights, Bushwick and Central Brooklyn and must have managed at least 50 apartments. Selection is based on property management experience; financial strength; rehabilitation experience; past work with government and nonprofit organizations; and the extent to which they are closely tied to the community. HPD and the NPHDFC will jointly evaluate the responses and select the participants.
A pre-submission conference will be held at HPD, 100 Gold Street, Room 1R, Manhattan, NY on Friday, May 2, 2003 at 10:00 a.m. Completed applications must be delivered to the Neighborhood Partnership Housing Development Company at 80 Fifth Avenue, 7th Floor by Wednesday, July 2, 2003 no later than 4:00 p.m.
The NEP Program has saved the City millions of dollars necessary to maintain and manage its inventory of properties - an estimated $2.2 million per building. It has helped the agency reduce the amount of time buildings remain in City ownership from nearly six years to less than 1.5 years since 1994. NEP has also stimulated the investment of nearly $230 million in private financing in disadvantaged neighborhoods. Since NEP was created in 1994, 6,948 units in 542 buildings have been sold and 4,576 units in 385 buildings have been rehabilitated through the Program.
NEP was awarded the Innovations in American Government Award by the Ford Foundation and Harvard University in 1999 and was profiled in the public television series The Visionaries in 2002.
HPD's mission is to promote quality housing and viable neighborhoods for New Yorkers. The department is the nation's largest municipal housing development agency. Since Fiscal Year 1987, the agency has completed the construction or rehabilitation of 204,000 units of affordable housing. For more information about affordable rental housing, call HPD's Affordable Housing Hotline at (212) 863-5610 or log on to nyc.gov/hpd