NEWARK, N.J.--(BUSINESS WIRE)--The Newark Housing Authority (NHA) has issued a request for qualifications and proposals (RFQ/P) from private development firms to serve as a partner, in conjunction with NHA and various stakeholders. The partnership between NHA and the successful firms will develop five sites across the city ranging from affordable housing to market rate and commercial development.
“The Housing Authority has a history dating back to 1939 as the lead developer of affordable housing in the City of Newark,” said NHA Executive Director Victor Cirilo. “As the City’s current growth expands, we cannot leave our working families behind and we are now ready to seek partners that will assist us on increasing and also preserving our affordable housing stock.” The Housing Authority will soon be issuing additional RFQ’s for Seth Boyden and Terrell Homes which are both in the recently Federally designated “Opportunity Zones”.
Chief Development Officer Morris Warner emphasizes, “The RFQ/P represents an opportunity for NHA to partner with major developers in an effort to both leverage and monetize its assets. These projects intend to generate operating income that can be reinvested to produce mixed-income and mixed-use communities within the City of Newark.”
The NHA strongly encourages all firms responding to the RFQ/P to partner with local minority development firms in an effort to sustain community business participation and workforce development. Mayor Baraka states, “I am pleased that in the construction of these sites, the Newark Housing Authority is sending a clear message that local minority and women-owned businesses are an integral part of their work to move Newark forward.”
The deadline for RFQ/P submission, with completed supporting materials, will be no later than Wednesday, July 10, 2019, by 3:00 p.m. For more information about the bidding process and specific qualification criteria, register for free with www.bidsync.com.
ABOUT NEWARK HOUSING AUTHORITY
The Newark Housing Authority, celebrating 80 years of excellence, is the affordable housing authority in Newark, New Jersey providing Section 8 and Public Housing. For more information about the Newark Housing Authority visit http://www.newarkha.org.
The Newark Housing Authority (NHA) is a tax-exempt governmental entity established under State Law in 1938 and formed under the United States Housing Act of 1938. NHA is the largest public housing authority in New Jersey and the eleventh largest in the nation. Charged with providing affordable, decent, safe and sanitary housing for low and moderate income persons, NHA’s mission is to invest in our families by building and maintaining affordable housing to encourage economic independence and healthy communities.