Wednesday, July 29, 2009

Suisun City Seeks Experts to Administer Neighborhood Stablization Program

SUISUN CITY - A request for proposals was formally issued seeking proposals from professional firms who can administer the Neighborhood Stabilization Program focused on vacant and foreclosed homes.

Suisun City was allocated $955,000 in HUD Neighborhood Stabilization Program (NSP) funding by the State of California Department of Housing and Community Development (HCD). The City has seven months to use and obligate all NSP funding, with all funds to be expended by Sept. 30, 2011.

The goal of the program is to restore vitality to distressed neighborhoods by facilitating the acquisition, rehabilitation and resale of vacant and foreclosed single-family homes, as well as provide individual funding mechanisms for foreclosure rehabilitation to income eligible households, which might otherwise become sources of abandonment and blight within the community.

Moreover, the primary intent of the program is to rehab and fund as many homes as quickly and efficiently as possible. Projects must benefit moderate-income households (households at or below 120% of the Solano County Median Household Income). NSP funding is authorized under Title III of the Housing and Economic Recovery Act of 2008, and under the American Housing Rescue and Foreclosure Prevention Act of 2008.

The City of Suisun City requests proposals from individuals, consultants and/or organizations with experience managing single-family rehabilitation and administering rehabilitation loans, in addition to experience with the acquisition and resale of residential property. Respondents to this RFP are encouraged to collaborate with non-profit organizations, local realtors, lenders and construction contractors to gain the organizational capacity needed to operate an NSP program and to secure resources to leverage NSP funding. Respondents must demonstrate the ability to provide services in a culturally-sensitive manner and have experience working with persons of low-income and non-English speaking households.

Additional NSP funds targeted to very low-income households (households at or below 50% of the Solano County Median Household Income) will become available from HCD in the near future. This RFP does not address very low-income NSP funding.

Responses are due no later than 2 p.m. August 20, 2009. For more information about this request, follow this link Projects Open for Bid - Suisun City, California (Solano County)

1 comment:

Jacob Christensen said...

It's good to see iniciatives like that to minimize the damages of this crisis, do you know about other organizations like that in Florida?