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City seeking developers for HUD properties.


New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
 Department of Housing Preservation and Development commissioner Jerilyn Perine has issued a Request For Qualifications for the rehabilitation and management of properties owned by the U.S. Department of Housing and Urban Development.

This is a new initiative in which HPD HPD Honolulu Police Department (Honolulu County, Island of Oahu)
HPD Housing Preservation and Development
HPD Housing Preservation and Development (New York City Department) 
 and HUD Hud (hd), a pre-Qur'anic prophet of Islam. Hud unsuccessfully exhorted his South Arabian people, the Ad, to worship the One God.  have partnered to sell vacant and occupied, single and multi-family buildings owned by HUD for redevelopment into affordable housing units. The two agencies will rehabilitate more than 500 HUD residential properties to provide homeownership and rental opportunities citywide. These properties, acquired through the fore-closure of federally-insured 203(k) mortgages, will be sold to both non-profit and for-profit developers though the RFQ RFQ Request For Quote
RFQ Request For Quotation
RFQ Request for Qualifications (part of a potential client's preliminary selection process)
RFQ Radio Frequency Quadrupole (accelerator technology) 
 competitive process.

The agreement forged a plan using models of existing HPD programs that have successfully developed hundreds of thousands of homes and apartments throughout the city. The majority of this round of HUD-owned properties are located in upper Manhattan and central Brooklyn, with remaining property sites scattered throughout other New York City neighborhoods. HPD will use the same disposition criteria it uses for other city-owned properties, such as building size, location, and occupancy status.

Applicants may obtain a copy of the RFQ by registering online and downloading the document and its attachments from the HPD website at nyc.gov/html/hpd/html/forms-pubs/forms-pubs-menu.html, or by visiting HPD at 100 Gold St., Manhattan, Room 4-01 from 9 a.m. to 5 p.m. on weekdays.

All completed submissions must be delivered by hand to HPD at 100 Gold St., 4th Floor, Manhattan. Each submission requires a non-refundable fee of $100 in the form of a certified check A written order made by a depositor to a bank to pay a certain sum to the person designated—the payee—which is marked by the bank as

"accepted" or "certified," thereby unconditionally promising that the bank will pay the order upon its
, cashier's check cashier's check n. a check issued by a bank on its own account for the amount paid to the bank by the purchaser with a named payee, and stating the name of the party purchasing the check (the remitter).  or money order payable to "NYC Department of Housing Preservation and Development." For applicants who are certified not-for-profit organizations, the fee is reduced to $50. No cash or personal checks will be accepted.

All communications and inquiries regarding the RFQ should be directed to: Grace. Samala, Office of the First Deputy Commissioner, 100 Gold St., Room 4-01, New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
, NY 10038, telephone (212) 863-8829, fax (212) 863-8577 or e-mail: SAMALAG@hpd.nyc.gov.
COPYRIGHT 2002 Hagedorn Publication
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Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:U.S. Department of Housing and Urban Development to redevelop existing housing into affordable housing units
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Aug 28, 2002
Words:341
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