Mixed Income Market Initiative - Request for Expressions of Interest

Program Description

In furtherance of the vision set forth in Housing Our Neighbors, the City, acting through its Department of Housing Preservation and Development ("HPD"), is pleased to release this Request for Expressions of Interest ("RFEI") to develop mixed income housing projects within the five boroughs.

Submissions to the RFEI may inform changes to existing financing term sheets or the creation of new financing programs. HPD may select one, more than one, or none of the proposals received through this RFEI. Proposal selection through this REFI indicates HPD's willingness to engage in an iterative process to provide financing or other assistance. Selected projects will be prioritized in HPD's pipeline, to the extent that project readiness and resources permit.

HPD's goal is to support innovative financing models that do not require Low Income Housing Tax Credits ("LIHTC"), thereby limiting the use of heavily constrained resources and expediting the creation of affordable housing. It is HPD's hope that this RFEI will help advance the City's Fair Housing goals by generating proposals in areas with limited affordable housing.

Pre-Submission Conference

An online Pre-Submission Conference was held on Thursday January 18th, 2024. Please reference the Addendum below for Questions & Answers and Corrections to the RFEI.
Mixed Income Market Initiative RFEI Addendum

How to Apply

Interested participants must submit individual PDF files for each tab and individual files in the forms requested per Section II: RFEI. All PDFs must be searchable. The following information must be clearly printed on the front page of each Submission:

• Project Title
• Respondent Name
• Project Site
• Submission Date

Complete submissions must be emailed as clearly labeled folder to MIMI@hpd.nyc.gov. Files can be submitted using Dropbox, Box.com, or any other file sharing platform.

All proposals must be submitted by February 15th, 2024 at 4pm.

Resources

• Mixed Income Market Initiative RFEI
  
• Appendix A. MIMI Program Summary
  
• Appendix B. Limited Affordability Areas
  
• Form B-1: The Project Summary Form
  
• Form C-1: Development Team Information and Respondent Questionnaire
  
• Form C-2: Not-for-profit Corporation Form
  
• Form D-1: Residential Development Experience and Current Workload
  
• Form E-1: Financing Template

Contact

MIMI@hpd.nyc.gov