RFP-W-8120 - NSP REHAB-RESALE DEVELOPER SERVICES

Summary of Specifications:
Developers implementing this project will acquire homes in Warren’s NSP Target Areas that are both vacant and foreclosed. They will rehabilitate these homes bringing them into compliance with the City’s Property Maintenance Ordinance, addressing lead-based paint hazards, and making other general repairs that will increase their marketability and make them a source of neighborhood pride. Upon completion of the rehabilitation, they will sell the homes to low, moderate or middle income households (up to 120 percent Area Median Income) (a schedule of income limits is attached as Exhibit A) who are NSP eligible. The City anticipates contracting with two or more developers to implement this project. Funds in the approximate amount of $1,500,000 are available to contract with developers. Firms selected for this project must enter into Development Agreements for 3-8 homes