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ATTENTION DEVELOPERS!! ~ May 23, 2008 Deadline Approaching For Developers Interested in Participating in Newburgh, New York's Public/Private Housing Partnership, Round II

Instead of disposing of city-owned properties in the conventional way through sale to the highest bidder at public auction, Newburgh New York's Department of Planning and Development has chosen a more prudent path. They initiated The Public/Private Housing Partnership Initiative, a method by which buyer developers are carefully selected for their ability and intent to develop city properties. Newburgh currently owns 10 properties they plan to handle in his way. These properties will be sold in "bundles" with the expectation they will be resold individually for owner-occupancy only.

Earlier this month the City of Newburgh Department of Planning & Development issued a "Request for Qualifications" (RFQ) for these 10 city-owned properties. RFQs must be received by May 23, 2008 in order to be considered. Visit the City of Newburgh's website: http://www.cityofnewburgh-ny.gov/hom/home.htmto download an updated RFQ form.

To identify developers as pre-qualified developers under The Public/Private Housing Partnership Initiative plan, the City of Newburgh will look for the following qualifications:

Successful housing development experience
Demonstrated housing development expertise
Sound financial backing
Commitment to implementing creative, quality development in a timely manner

Interested developers should attend the Open House scheduled for Friday, April 25, 2008. During this Open House interested developers and their construction/design professionals will have the opportunity to take a careful look at each property in order to gather information pertinent to their submissions.

For Additional Information ~

Visit: The City of Newburgh's website ~ http://www.cityofnewburgh-ny/gov/hom/home.htm

E-mail: Lourdes Zapata-Perez ~ lperez@cityofnewburgh-ny.gov or Jasmin Miranda ~ jmiranda@cityofnewburgh-ny.gov

Telephone: The Department of Planning and Development ~ Monday-Friday, 8:30AM - 4PM, 845-569-9400

Posted by Rosario Lewis, GRI ~ DDR Realty, Orange County, NY on 03/31/2008 10:33 AM

Comments (12)

new york, orange county, newburgh, development, urban renewal

This post has been included in New York Information Orange County, NY Information Newburgh, NY Information

12 Comments on ATTENTION DEVELOPERS!! ~ May 23, 2008 Deadline Approaching For Developers Interested in Participating in Newburgh, New York's Public/Private Housing Partnership, Round II

Is Newburgh near that airport, Stewart? Recall driving by on the way to the Catskills.

03/31/2008 10:39 AM

by Blogger To Be Named Later

Andrew -Yes, you have the correct Newburgh. Recent development of Stewart Airport should increase interest in nearby localities like Newburgh.

03/31/2008 10:50 AM

by Rosario Lewis, GRI ~ DDR Realty, Orange County, NY (DDR Realty)

Rosario - Great local information, that is certainly a different approach which sound like it will give the city more oversight. Andrew just mentioned the airport and with all the plans in the works investing in Newburgh seems like a great idea.

03/31/2008 05:41 PM

by Jennifer Fivelsdal, Rhinebeck NY (Keller Williams Realty)

Jennifer - All signs point to a bright future for Newburgh.

03/31/2008 06:37 PM

by Rosario Lewis, GRI ~ DDR Realty, Orange County, NY (DDR Realty)

Rosario, That is interesting information about Newburgh. I have a cousin there who moved from Long Island and absolutely LOVES it there!

03/31/2008 07:01 PM

by Carole Provenzale Owner, Feng Shui Long Island & New York (Feng Shui Long Island & New York City)

Carole -That's so nice to hear. Newburgh has a lot to offer.

03/31/2008 08:17 PM

by Rosario Lewis, GRI ~ DDR Realty, Orange County, NY (DDR Realty)

Rosario, that sounds like something they all should be interested in getting involved in...

03/31/2008 09:59 PM

by Ray Nellum, Fort Smith Real Estate (Warnock Real Estate, LLC.)

Sounds like what the City of Newark is doing with The Homes at City View Landing Project. The city basically gives the land to the developer, who in turn builds affordable homes to be sold to qualified owner-occupant home-buyers.

04/01/2008 12:48 AM

by Eugene Jones (Royster Real Estate)

The City of Newburgh is definitely on the rebound. It is an area which young home buyers and investors are starting to pay much attention to. Two of my last three transactions were in the City of Newburgh.

04/01/2008 07:53 AM

by DDR Realty, Orange County, NY

Ray - I think so too. It seems to be a good approach to urban development.

Eugene - It does sound very similar. I hope it is working for Newark.

Derrick - Newburgh is definitely an area to keep an eye on.

04/01/2008 09:22 AM

by Rosario Lewis, GRI ~ DDR Realty, Orange County, NY (DDR Realty)

I hope it ends up being a great day for you. May good things come out of the open house. Lu

04/04/2008 01:35 PM

by Lu Kalaj (Re/Max Platinum)

Lu - Thanks for the comment.

04/04/2008 01:54 PM

by Rosario Lewis, GRI ~ DDR Realty, Orange County, NY (DDR Realty)

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