HISTORIC PROPERTIES FOR SALE
505 W. 36th Street
All Revolving Fund properties are sold via an RFP (Request for Proposal). The process is open to the public for a finite amount of time, usually five weeks. Anyone interested in purchasing the property may submit a proposal during that time.
Proposals can be submitted by hand or online by completing the formal application. The highest scoring proposal, based on a 100 point scale, is selected.
- 25 points for the bid amount. There is no list price, but rather a “suggested minimum bid”
- 25 points for past experience with historic rehab or home renovation
- 25 points for the proposed end-use of the property and preservation plan
- 25 points for committee discretion based on their knowledge and experience
The winning proposal is selected by a volunteer committee of nine professionals from diverse fields including preservationists, architects, contractors, realtors, and attorneys. Applicants are informed of the committee’s final determination no more than 30 days after the RFP deadline.