HPD’s M/WBE Build Up Program is a component of the Building Opportunity Initiative and aims to increase contracting opportunities for certified Minority- and Women-Owned Business Enterprises (M/WBEs) in HPD/HDC-subsidized affordable housing projects.
The program requires developers/borrowers to spend at least a quarter of HPD/HDC-supported costs on certified M/WBEs over the course of design and construction of certain HPD/HDC-subsidized projects. A minimum goal will be calculated and required for each project subject to the program (projects where HPD/HDC contributes two million dollars or more). Developers may adopt a goal higher than the minimum.
All payments to certified M/WBEs performing construction or providing professional services count toward the goal. For example, payments going towards an M/WBE architect or an M/WBE painter will count toward the goal.
Developers/borrowers are required to fulfill these responsibilities:
The Predevelopment 3 C's
HPD’s M/WBE staff are available to support the efforts of the developers/borrowers and their general contractors efforts to meet the project's M/WBE participation goal. Additionally, our M/WBE staff has compiled resources to facilitate the efforts of developers/borrowers and their general contractors to identify M/WBEs.
Please contact HPD’s M/WBE staff at email@example.com if you have any questions about M/WBE participation requirements for your project. You may also review the program details for more information.