Tuesday, May 1, 2012

Covington housing authority seeking bids for final phase of HOPE VI program

The Housing Authority of Covington (HACOV) has issued an invitation to bid to qualified residential real estate consultants or real estate brokers to negotiate the acquisition of 34 abandoned or vacant parcels in the city's Eastside neighborhood to redevelop as part of the city's HOPE VI revitalization program.

The U.S. Department of Housing and Urban Development awarded HACOV with the $17 million HOPE VI Revitalization Grant in May 2010 for a four-phased redevelopment program. The first two phases included scattered-site rental units, while the third phase, a mixed-income redevelopment of the former Jacob Price Homes called River's Edge at Eastside Point, broke ground on March 29.

The 34-home fourth phase, consisting of a combination of new construction and rehabilitations, will be made available to income-qualified homeowners of various socioeconomic levels. Targeted parcels will be located in an area bounded by E 9th Street, the Licking River, E 13th Street, and Greenup Street.

Bids are due by 4 P.M. on May 11, and the winning bid will be selected based on level of experience – including inside the City of Covington, organizational capacity, appropriate licensing, proven quality of work, and experience with historic properties.

Previous reading on BC:
Covington HOPE VI project breaks ground (4/2/12)
$17M in HOPE VI funding sought for Jacob Price redevelopment (12/8/09)