Press Release For Immediate Release July 10, 2003 It's a Busy July for the Home Again Initiative (Washington, DC) The Office of the Deputy Mayor for Planning and Economic Development's (DMPED) Home Again Initiative today released an RFP for the redevelopment of 18 properties in Anacostia, Bellevue, Columbia Heights, Deanwood, Near Northeast, Shaw and Trinidad. Thirty percent of the units will be affordable to buyers who earn less than 60 percent of the Area Median Income (AMI), as defined by the US Department of Housing and Urban Development. "Home Again is about strengthening neighborhoods by turning boarded-up and run-down buildings into quality, affordable homes," said Deputy Mayor for Planning and Economic Development Eric Price. "We're helping people become a permanent part of a community and own part of our city." The RFP is available to the 30 firms that are qualified to participate in the Home Again program. Responses to the RFQ are due by Thursday, September 11, 2003 at 4 pm. After staff reviews and recommendations, and further review by a panel of experts, Mayor Williams will announce the selected developers in November 2003. Two Development Teams to Renovate 14 Properties Home Again has selected two development teams to turn 14 vacant and abandoned properties into 24 new or renovated homes: Motir Services, Inc./Stellar Homebuilders, LLC: Five properties in the Near Northeast and Langston Mi Casa, Inc. and MissionFirst Capital Advisors: Nine properties in Columbia Heights, Parkview, Petworth, Brightwood, Grant Park, Marshall Heights and Benning Ridge During the selection process, seven development teams submitted proposals for two bundles of properties, where more valuable properties can help subsidize the redevelopment of more affordable properties. Each proposal was evaluated for feasibility, rehabilitation quality, offering price, affordability and LSDBE participation. Fourteen of the homes will be sold to families with incomes less than 60 percent of AMI. The remaining ten homes will be sold as workforce housing affordable to families with incomes between 60 and 100 percent of AMI. Page 1 of 2      1  2