New York State Contract Reporter #2137194

Purchase and Redevelopment of 181 Hawley Street, Binghamton, NY

This opportunity is for the purchase and redevelopment of a vacant two-family residential property at 181 Hawley Street in Binghamton, NY, managed by the Broome County Land Bank Corporation (BCLBC). - Government Buyer: Broome County Land Bank Corporation (BCLBC) - Property: 181 Hawley Street, Binghamton, NY (vacant two-family residential) - Services Requested: - Complete restoration and renovation of the property - Development plan must demonstrate residential use - Project completion required within twelve months of sale - Notable Requirements: - Evidence of financial capacity and prior renovation experience - Compliance with local board approvals and insurance requirements - Property sold as-is; environmental abatement (asbestos, lead, radon) already completed - Potential deed restrictions, including affordable housing covenants and reverter clauses - Development incentives available, including matching grants up to $150,000 for affordable housing - Support through the Vacant Rental Program for affordable rental units - No specific OEMs or vendors are named for products or services - Prior similar contracts awarded to VISION BUILD HOLDINGS BINGHAMTON LLC - Environmental reports are available for review - Open to developers able to meet BCLBC's mission and requirements

Description

The Broome County Land Bank Corporation (BCLBC) is soliciting proposals for the purchase and development of the property located at 181 Hawley Street, Binghamton, NY. The property is a vacant two-family residence requiring significant restoration and renovation. Proposals must demonstrate a residential use, a feasible development plan to be completed within twelve months from the date of sale, and show adequate financial capacity and renovation experience. The BCLBC will evaluate submissions and select one purchaser/developer at its discretion. Development incentives include matching grants for affordable rental units and support through the Vacant Rental Program.

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