Release date: 04/05/2018
Submission deadline for the initial list: 05/31/2018
HPD is seeking to establish a list of Qualified Preservation Buyers that HPD designates as qualified to acquire privately-owned regulated, rent stabilized, and/or unregulated properties to ensure responsible ownership and long-term affordability. The objective of this RFQ is to create a resource so that HPD may refer prospective sellers of property, community based organizations, and others as deemed appropriate to the Qualified List when seeking a Qualified Preservation Buyer who will purchase the property and extend any underlying affordability restrictions.
Nonprofit organizations that appear on the Qualified Preservation Buyers list may also be eligible to receive financial and technical assistance in acquiring properties through the Neighborhood Pillars program. Nonprofits wishing to utilize the equity assistance associated with Neighborhood Pillars and the technical assistance must apply to this RFQ. Only nonprofit organizations appearing on the Qualified List will be considered for participation.
Applicants may be nonprofit or for profit organizations, and must have an interest in and demonstrated capacity to maintain the long-term physical and financial viability, regulatory compliance, and responsible ownership of affordable housing.
HPD will only consider Applicants that demonstrate the requisite experience and capacity required to acquire, rehabilitate, manage, and preserve the long-term affordability of occupied or vacant multifamily buildings.
A Pre-Submission Conference was held on Friday, April 27th, from 10:00am-11:30am at 100 Gold Street Room 8F-14, New York, NY 10038.
The initial submission deadline is 05/31/2018. HPD reserves the right to accept applications on a rolling basis and may choose to evaluate submission packages received after the submission deadline.
Inquiries should be directed to PresBuyerRFQ@hpd.nyc.gov.