Preservation Buyer RFQ

Release date: 04/05/2018
Initial list published: 08/31/2018
Applications will be accepted on a rolling basis. The Qualified Preservation Buyers List will be updated biannually to include newly accepted applicants. 

HPD has established a Qualified Preservation Buyers List 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.

Selection Criteria

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.  

Pre-Submission Conference

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.

• Pre-Submission Conference Presentation
• Pre-Submission Conference Q&A

Submission Requirements

The initial submission deadline was 05/31/2018. HPD reserves the right to accept applications on a rolling basis. The Qualified Preservation Buyers List will be updated biannually to include newly accepted applicants.

RFQ Form

 

Additional forms:

• Form 1: Applicant Description and Reference
• Form 2-1: Residential Development Experience
• Form 2-2: Residential Development Chart
• Form 3-1: Residential Management Experience
• Form 3-2: Residential Management Chart
• Form 4: Applicant Property Listing
• Form 5: Assets Statement
• Form 6: Applicant Letter
• Form 7: Applicant RFQ Checklist

Inquiries

Inquiries should be directed to PresBuyerRFQ@hpd.nyc.gov.

• Preservation Buyer RFQ Q&A