NEW YORK CITY DEPARTMENT OF CITY PLANNING
COMMUNITY RENEWAL PROGRAM
2 LAFAYETTE STREET
NEW YORK, N.Y.

NEW YORK CITY DEPARTMENT OF CITY PLANNING
COMMUNITY RENEWAL PROGRAM
2-LAPAYETTE STREET
NEW YORK, N.Y.

Brooklyn

Brooklyn

Developers for Turnkey Housing Program

# You build 'em. We'll buy 'em.

The New York City Housing Authority is offering developers the opportunity to participate in a multi-million dollar turnkey housing program in the Bushwick section of Brooklyn.

The program involves construction of low-rise buildings clustered on various sites in four groups. The program retains a good deal of flexibility. As a developer, you can submit proposals on any one group, on one or more groups, or on the entire four groups.

This construction program calls for the creation of up to 600 new apartments in the community.

## How Turnkey Works

Under the turnkey arrangement, you will acquire the sites and take responsibility for all design and construction work, through to completion. Upon completion, the Authority buys the buildings from you (and as the term "turnkey" implies, has only to "turn the key" to have the buildings ready for tenants).

Prior to the start of construction, the Authority issues you a Contract of Sale, which is a purchase guarantee. With this contract, interim financing can be arranged. Permanent financing will be secured by the Authority. The Authority will make arrangements to buy individual buildings within a group as they are completed.

## Program Objectives

The turnkey program is part of an ongoing plan to rebuild our neighborhoods. The objective is to improve our community resources, which will help promote thriving, healthy neighborhoods. Clean, decent housing for families is basic.

## How to Apply

Sealed proposals from developers will be received by the New York City Housing Authority at 250 Broadway, New York, N. Y. 10007, in Room 818. The proposals will be publicly opened and read in Room 818 at 3 PM on December 16, 1980.

Developer's packets are now available at the Document Service

Unit, located in the Basement of the Authority building at 250 Broadway. The fee for the packet is $25. Packets contain detailed information on the four groups of sites, along with procedures for preparing a proposal. We'll be glad to sit down with you to discuss specific procedures. For additional information, call Eric Nadel PE, (212) 433-6082.

Joseph J. Christian, Chairman

An affirmative action/equal opportunity agency