Categories: Funding, New York City
04.15.2014
Pre-submission conference set for next week; final deadline slated for July 11
Last week, HPD released a Request for Proposals for Phase II of the Livonia Avenue Initiative in East New York, Brooklyn. The RFP is for a mixed-use development on four sites in East New York. The document does not specifically mention supportive housing, but Phase I did include 51 units (out of 278 total) for supportive housing through the New York/New York III Agreement.
Proposals must have both mixed-income and affordable housing units. According to the RFP, “Proposals must include a primary financing scenario that does not include competitive financing sources,” like 9% Low Income Housing Tax Credits. The competitive criteria include financial feasibility (defined as providing a range of affordability with the least subsidy), development experience, management and capacity, quality of building and urban design and a retail plan.
The pre-submission conference will be held next week on Wednesday, April 23 at 10:00am at HPD’s offices at 100 Gold Street, Room 1R. The proposal submission deadline is no later than 4:00pm on July 11, 2014.