FOR IMMEDIATE RELEASE: Tuesday, December 5, 2017
CONTACT: Matthew Creegan 212-863-7879
City program seeks to promote M/WBE and local small business participation in affordable housing development by providing key resources through a series of seminars and networking events to help them effectively compete for HPD-supported projects.
New York, NY – The New York City Department of Housing Preservation and Development (HPD) in partnership with the NYC Department of Small Business Services (SBS), announce HPD Build-Out, a new networking and contractor seminar series that connects HPD’s development partners with Minority/Women-Owned Business Enterprises (M/WBEs) and local small business contractors interested in working on affordable housing projects. The Build-Out seminar series, which consists of four sessions, officially begins today and will run through the fall of 2018.
“M/WBEs and local small businesses are the backbone of our city’s economy. Giving them the tools they need to thrive is critical to the continued success and diversification of the affordable housing industry. These seminars not only benefit participants by sharing vital information on best practices, they also create valuable opportunities to make helpful connections to potential development partners,” said Housing Preservation and Development Commissioner Maria Torres-Springer. “I want to thank my colleagues at HPD and our many partners that have come together to impart their knowledge and share their perspectives, to help us continue to support New Yorker City’s hardworking entrepreneurs and small businesses.”
“The City is working together so that minority and women-owned construction contractors have the resources, knowledge, and opportunity they need to succeed,” said Gregg Bishop, Commissioner of the NYC Department of Small Business Services. “We are happy to have HPD as a committed partner in ensuring that these small businesses can grow and thrive here in New York City.”
The seminar topics were chosen via feedback from an HPD survey to contractors. These were the top four areas determined to be the most helpful in order to access affordable housing projects.
The first seminar, ‘Strategic Tips and Guidance on Wage Reporting’, will feature a panel of speakers who will discuss the types of compliance reporting that contractors need to be aware of in order to work with developers and what small contractors need to know to make sure that their compliance reporting is accurate. Upcoming scheduled seminars will focus on topics such as understanding the affordable housing bid process and energy efficient building practices.
"L+M is pleased to take part in HPD's Build-Out series to empower M/WBEs and local businesses as they compete for city contracts. This forum provides a unique opportunity for local and M/WBE leaders to develop industry-leading practices not only during the bidding process but even once a contract is granted, ensuring their compliance through completion. L+M is committed to the advancement of M/WBE and local businesses and we thank HPD for putting this important series together," said Krystal Peartree, Senior Compliance Manager for L+M Development Partners.
“I am honored to serve on this distinguished panel with our industry colleagues and that this seminar will be concentrating on critical aspects of the business. Needless to say, compliance reporting is a very integral part of what contractors need to be aware of in order to work with developers,” said Vice President of CCC Renovation Vice President Victor Sarmiento. “Kudos to HPD for launching this seminar series and connecting minority and women-owned businesses with developers.”
The seminars are open to M/WBE and small businesses that provide professional services or construction services. Firms interested in attending any Seminar topic can see the HPD Build Out web page to find out more.
HPD Build-Out kicked off earlier this year with a networking event in September, where developers of recently closed HPD projects met with approximately 150 general contractors from a range of fields.
Build-Out is part of the over-arching Building Opportunity Initiative, which was launched in 2013 to expand opportunities for M/WBEs to compete more effectively for HPD-supported affordable housing development work. Building Opportunity’s four-pronged approach seeks to build the capacity of M/WBE developers, increase their access to capital, encourage developers to utilize M/WBEs, and increase the number of development opportunities available to them.
The New York City Department of Housing Preservation and Development (HPD) is the nation’s largest municipal housing preservation and development agency. Its mission is to promote quality housing and diverse, thriving neighborhoods for New Yorkers through loan and development programs for new affordable housing, preservation of the affordability of the existing housing stock, enforcement of housing quality standards, and educational programs for tenants and building owners. HPD is tasked with fulfilling Mayor de Blasio’s Housing New York Plan which was recently expanded and accelerated through Housing New York 2.0 to complete the initial goal of 200,000 homes two years ahead of schedule—by 2022, and achieve an additional 100,000 homes over the following four years, for a total of 300,000 homes by 2026. For full details visit nyc.gov/hpd and for regular updates on HPD news and services, connect with us on Facebook, Twitter, and Instagram @NYCHousing.