MAYOR MICHAEL R. BLOOMBERG ANNOUNCES FINAL COMPETITION FOR VACANT PROPERTIES MARKING AN END OF AN ERA IN CITY'S HOUSING

Subject: MAYOR MICHAEL R. BLOOMBERG ANNOUNCES FINAL COMPETITION FOR VACANT PROPERTIES MARKING AN END OF AN ERA IN CITY'S HOUSING
Date: 8/19/2005 4:50:24 P.M. Eastern Daylight Time
From: MyNYC@nyc.gov
To: reysmontj@aol.com
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"HPD Press Releases" and "Request for Proposals/Qualifications"


MAYOR MICHAEL R. BLOOMBERG ANNOUNCES FINAL COMPETITION FOR VACANT PROPERTIES MARKING AN END OF AN ERA IN CITY'S HOUSING


City Properties to be Designated for Creation of Affordable Housing in all Five Boroughs


Mayor Michael R. Bloomberg and Department of Housing Preservation and Development (HPD) Commissioner Shaun Donovan announced that the City is releasing RFPs for new homes to be built on 317 of the last remaining vacant lots in HPD's portfolio and that preference will be given to developers who commit to building more affordable housing than the required minimum. In addition, for the first time, HPD will give first priority to development plans that incorporate environmentally-friendly design in the construction of multi-family homes. HPD is requesting proposals from developers to build more than 3,200 units citywide.


"As housing costs continues to rise and family budgets are stretched thin, it is important that we find long-term solutions to make the dream of homeownership a reality for more working New Yorkers; that we ease the anxiety of seniors who are living on fix incomes and lend a hand to tenants receiving Section 8 assistance," said Mayor Bloomberg. "Giving priority to developers who commit to building affordable housing is a common sense, practical and long-term solution to our City's housing crunch."


From owning over 100,000 units of housing and over 5,000 thousand vacant lots in the 1980s, the City now owns just over 2,000 units which are currently being redeveloped by HPD programs and 317 developable lots. These vacant lots, the last to be placed in RFPs, will become sites of affordable homes in every borough under HPD's Cornerstone Program, a multi-family construction initiative, the agency's New Foundation Homeownership Program and site-specific RFPs in Arverne, Queens and the north shore of Staten Island. For a nominal price, most of the remaining lots will become available to developers participating in the RFP process.


The release of the RFPs will be advertised in the New York Times this Sunday. Electronic versions will be posted on HPD's website (www.nyc.gov/hpd) by the end of next week. Hard copies of the RFPs will be released on Monday, August 29th. Pre-submission conferences will be held on the following dates: New Foundations on 9/14/05, Markham Gardens on 9/14/05, Cornerstone on 9/15/05, and Arverne East on 9/28/05. Submissions will be due later this fall.

To read the complete press release, visit the HPD website at www.nyc.gov/hpd







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