Request for Proposals (RFP) for the Purchase and Development of 181 Hawley Street, Binghamton, NY 13901

The Broome County Land Bank Corporation is issuing a Request for Proposals to purchase and develop a vacant two-family residence at 181 Hawley Street in Binghamton, NY. The project aims for a residential use, requiring the selected developer to submit a comprehensive development plan demonstrating feasibility, financial capacity, and renovation experience, with a strict completion timeline of twelve months from the sale date. Proposals must include a minimum purchase offer of $15,000, along with detailed budgets, funding sources, and evidence of financial ability. The Land Bank offers incentives such as a matching grant of up to $100,000 for projects incorporating affordable housing units and additional funds through its Vacant Rental Program for rental unit rehabilitation. The evaluation process emphasizes development approach and relevant experience, each weighted at 40 points, with the purchase price accounting for 20 points, and the Board of Directors will select the winning proposal at its sole discretion. Contractually, the transaction is governed by specific clauses and appendices that include a Purchaser Certification, deed restrictions, insurance requirements, and project timelines. The purchaser must certify the accuracy of their information, agree to maintain compliance with local laws, and obtain a certificate of occupancy within twelve months. Insurance coverage must meet specified minimums, including general liability, auto, and workers’ compensation, with additional insured endorsements. The property is sold "as-is" with no warranties, and the buyer is responsible for all costs, including delinquent taxes and assessments. The contract stipulates that all sales are subject to approval by the Land Bank’s Board, and the selected developer must execute the contract within three business days of acceptance, with the possibility of an oral presentation. Submission of proposals is due by 4:00 PM on September 8, 2025, via mail, hand delivery, or email, with all required documentation including project details, financial evidence, and signed certifications. The process emphasizes a best value approach, prioritizing development quality and experience over price alone, with the ultimate goal of revitalizing the property for residential use within a defined timeframe.