City of Buffalo Urban Renewal Agency – Request for Proposals-HOME Investment Partnership...

City of Buffalo Urban Renewal Agency – Request for Proposals-HOME Investment Partnership Program

City of Buffalo Urban Renewal Agency

Request for Proposals

April 4, 2018

 

The City of Buffalo (“City”), through the City of Buffalo Urban Renewal Agency (“BURA”), is seeking proposals through the federal HOME Investment Partnership Program from qualified not-for-profit agencies to acquire, rehabilitate and manage a HOME-assisted multi-family rental housing development located at 413 East Delavan Avenue (The Property).  The development consists of ten rental units (six–three bedroom units and four-two bedroom units), adjoining office space and available on-site parking.

Additional properties owned by the City of Buffalo, located adjacent to the East Delavan site are available for redevelopment.  The respondent may consider and address these sites within their proposal but it is not a requirement in order to be considered.

The Property is currently held by a third party and BURA, on behalf of the City of Buffalo, will facilitate transfer of the Property to the successful developer.

Restrictions regarding the use of the property as affordable housing will be enforced through March, 2023 (the “Affordability Period”).  The City of Buffalo Urban Renewal Agency currently holds a first position mortgage lien of $818,322 that must be assumed by the successful applicant.

Applicants must be incorporated as for-profit or non-profit entities to undertake affordable housing activities within the boundaries of the City of Buffalo.

It is the policy of BURA that all local Minority/Women Business Enterprises (M/WBE’s) be encouraged to submit proposals.  BURA continues to ensure that all locally owned M/WBE’s are afforded the maximum opportunity to participate as Applicants or Sub-Applicants in the provision of goods and services for BURA.  BURA encourages the award of at least thirty percent (30%) of the total dollar value of this project directly or indirectly to M/WBE’s.

Proposal Submission Deadline: Friday, May 18, 2018, 4:00PM.

Request for Proposals submissions are due to:

                          Yvonne C. McCray, Director of Housing

                            City of Buffalo Urban Renewal Agency

                      65 Niagara Square

                        Room 315 City Hall

                       Buffalo, N.Y. 14202

 

RE: City of Buffalo HOME Investment Partnership Program RFP Submission

413 East Delavan Avenue, Buffalo NY

A full copy of the Request for Proposals can be picked up in 315 City Hall or 920 City Hall, 65 Niagara Square Buffalo NY 14202, the Central Library, 1 Lafayette Square, Buffalo NY 14203.  The RFP can also be found on the City of Buffalo Website www.city-buffalo.com/BuraBids