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