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City seeking modular experts for pilot program.

The city is looking to try a modular design and technology pproach to the affordable housing crisis.

New York City Housing Preservation and Development (HPD) Commissioner Maria Torres-Springer announced the release of a Request for Information (RFI) as well as a Request for Expressions of Interest (RFEI) in a modular construction pilot program called Modular NYC.

The venture will finance the creation of mid-rise multifamily, supportive, and senior housing developments via modular construction, a process that lowers costs and waste, while increasing the speed of construction.

"New York City has long been a laboratory for innovation in affordable housing, and through Housing New York 2.0 we are pushing the envelope even further to pursue bold new design and construction techniques. Through this RFI and RFEI, we're harnessing the creativity of industry experts to find new ways to deliver affordable housing opportunities faster and more efficiently," said HPD Commissioner Maria Torres-Springer.

"Reaching Housing New York 2.0's goal of 300,000 affordable homes by 2026 requires us to leave no stone unturned in finding more effective and efficient ways to develop affordable housing. Modular NYC, and the RFI and RFEI released today, are important steps toward speeding up New York City's production of affordable housing in an effort to reach that important goal," added Council Member Robert E. Cornegy.

Through the RFI, the City wants to hear from parties across the real estate development spectrum and across geographies that have specific experience, knowledge, or insight into the modular construction process. The City will also assess the modular manufacturing industry's capacity to deliver modules to the City and explore innovative applications of modular construction for public projects.

In addition to seeking general industry input through the RFI, the City has issued the accompanying RFEI inviting expressions of interest for modular affordable housing construction on both public and private sites within the five boroughs where modular construction could be utilized.

Qualified respondents may be for-profit, non-profit, or joint venture entities, and HPD encourages responses from Minority and/or Women Business Enterprises, as well as Community Housing Development Organizations and Community Development Corporations that bring enhanced and tangible community development benefits to the proposals.

HPD will work with successful respondents to expedite the pre-development process, targeting mid-2019 closings. In addition, the City anticipates the RFI will provide meaningful input to a forthcoming Modular RFP that will be released later this year.

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Title Annotation:Construction & Design
Comment:City seeking modular experts for pilot program.(Construction & Design)
Publication:Real Estate Weekly
Geographic Code:1U2NY
Date:Mar 7, 2018
Words:398
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