FOR IMMEDIATE RELEASE: March 30, 2017
NYCHA AND HPD ANNOUNCE LIST OF PREQUALIFIED DEVELOPERS FOR “100 PERCENT AFFORDABLE” PROGRAM
NYCHA and HPD update their RFQ process to build partnerships that create economic opportunity while creating badly needed new affordable housing.
Today, the New York City Housing Authority (NYCHA) and the New York City Department of Housing Preservation and Development (HPD) released a list of prequalified developers for the Authority’s “100 Percent Affordable” program. The list is the result of a Request for Qualifications (RFQ) released in July 2016 and is intended to increase participation of a diverse range of developers, including nonprofits and minority and women owned enterprises (MWBE).
The RFQ process was split into two steps: the initial RFQ application and the release of the prequalified list. This new process will result in a lower cost barrier so more nonprofits and MWBEs can apply. About 60 percent of the prequalified developers are nonprofit organizations or MWBEs.
HPD Commissioner Maria Torres-Springer said, “City-owned land is scarce, and partnerships are instrumental to our mission of building 200,000 affordable housing units in 10 years. HPD is proud to continue partnering with NYCHA and other City agencies to develop affordable housing on city assets. These prequalified developers that have been selected are important partners committed to our unified mission and we look forward to working with them to build a more affordable New York City.”
“We want to create the best developments for our community and that means adjusting the RFP process to encourage participation from all developers, including nonprofits and MWBEs,” said Executive Vice President for Real Estate Nicole Ferreira. “As New York City faces a severe housing crisis, it’s more important than ever for us to create economic opportunities, affordable housing and smart development policies for our residents and our city.”
This spring, NYCHA will release to the list of prequalified developers an Request For Proposal (RFP) for four 100 percent affordable housing sites. The sites are Harborview Terrace, Sumner Houses, Morrisania Air Rights, and Twin Parks West. These new buildings will create between 570 and 800 new units of affordable housing.
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