2010 August :: The Construction Management Pro

HUD ANNOUNCES $189 MILLION AVAILABLE TO REVITALIZE COMMUNITIES

August 26, 2010

HUD No. 10-185
HUD Public Affairs
(202) 708-0685
FOR RELEASE
Wednesday
August 25, 2010
HUD ANNOUNCES $189 MILLION AVAILABLE TO REVITALIZE COMMUNITIES
Obama Administration prioritizes early childhood education, community supports with $124 million in HOPE VI awards and $65 million in Choice Neighborhoods pilot grants

WASHINGTON – The U.S. Department of Housing and Urban Development announced today that it is making $189 million in grants available to transform public and assisted housing and to revitalize communities. Appearing in today’s Federal Register are the Notices of Funding Availability, the federal application, for two revitalization initiatives: The Choice Neighborhoods FY 2010 and the HOPE VI FY 2010. Both applications can be accessed at www.grants.gov.

While the nearly 20-year-old HOPE VI Revitalization Program has been successful at transforming neighborhoods with distressed public housing into revitalized mixed-income communities, Choice Neighborhoods aims to use a more comprehensive approach to community development with housing transformation as its center.

“We have seen remarkable success under our HOPE VI program over the last 17 years. This funding will help continue that work to transform public housing projects and improve outcomes for tens of thousands of public housing tenants,” said HUD Assistant Secretary for Public and Indian Housing Sandra Henriquez. “But even some of the best HOPE VI projects are islands of hope surrounded by a sea of need. By coupling this round of HOPE VI funding with the first awards in our Choice Neighborhoods initiative, we’re transitioning toward investing in strategies to address interconnected challenges – housing decay, crime, lack of educational prospects and economic connections – that keep families and communities in severe distress.”

The pilot year Choice Neighborhoods competitive program will award up to $65 million to public housing authorities, local governments, nonprofit organizations, and for profit developers that apply jointly with a public entity to extend neighborhood transformation efforts beyond public and/or assisted housing, to link housing revitalization with education reform and early childhood education.

“We are proud to work with HUD to ensure that there are great schools at the center of every Choice Neighborhood,” said Assistant Deputy Secretary Jim Shelton of the Department of Education’s Office of Innovation and Improvement. “Our partnership is an important step to breaking down Federal agency silos and providing comprehensive tools to revitalize neighborhoods of concentrated poverty into neighborhoods of opportunity.”

Choice Neighborhoods Planning and Implementation Grants – The $65 million Choice Neighborhoods pilot expands HOPE VI’s redevelopment toolkit to allow for redevelopment of both public and other HUD-assisted housing properties. This means that the disinvested assisted housing that frustrated cities and housing authorities and fostered crime and blight can now be included in comprehensive neighborhood revitalization efforts. The program also widens the traditional pool of eligible applicants by allowing local governments, nonprofits and for-profit developers that submit joint applications with a public entity.

Applicants have until October 26, 2010 to apply for Choice Neighborhoods Planning or Implementation grants. It is anticipated that 12-15 Planning Grants will be made with a maximum award of $250,000 each.

Decisions on Implementation grant applications will be made through a two-round application process. Upon conclusion of its review in Round 1, HUD will select approximately 10 finalists and publish a Round 2 NOFA. Finalists will have the opportunity to submit a more detailed plan for community transformation. Approximately 2-4 implementation grants will then be awarded, at a maximum of $31 million each.

“This dual-round process was designed to better serve applicants,” said HUD Deputy Assistant Secretary for Multifamily Housing Programs Carol Galante. “By making our initial decisions on summaries, we hope to minimize applicants’ financial investments to develop deeper, more comprehensive transformation plans and concentrate on those proposals most poised to make substantive change in our nation’s most distressed communities.”

HOPE VI Revitalization Awards- There have been 254 HOPE VI Revitalization grants awarded to 132 housing authorities since 1993 – totaling more than $6.1 billion. These grants have transformed severely distressed public housing developments to mixed-income communities. Revitalization grant funds are used for an array of activities, including: demolition of severely distressed public housing; acquisition of sites for off-site construction; capital costs of major rehabilitation, new construction and other physical improvements; and community and supportive service programs for residents, including those relocated as a result of revitalization efforts.

HOPE VI Revitalization grant applicants will have until November 22, 2010 to submit applications. It is anticipated that five to six grant awards will be made, with a maximum award of $22 million each.

Applicants must refer to the FY 2010 General Section for important application information and requirements, including submission requirements, which are different from the 2009 application. . In FY2010, HUD is continuing its requirement that applicants submit their applications electronically through www.grants.gov.

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HUD’s mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes: utilize housing as a platform for improving quality of life; build inclusive and sustainable communities free from discrimination; and transform the way HUD does business. More information about HUD and its programs is available on the Internet at www.hud.gov and espanol.hud.gov.

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8-26 Congressional Black Caucus Energy & Environment Taskforce

August 26, 2010

Congressional Black Caucus Energy & Environment Taskforce

Request for Proposals: BP Deepwater Horizon Oil Spill – Recommendations for Long-Term Gulf Coast Recovery & Restoration

Summary

No recent incident has demonstrated more plainly the importance of a renewed focus on environmental justice and energy policy than the tragic April 20th explosion of the Deepwater Horizon drilling rig in the Gulf of Mexico. As we recognize the 5th Anniversary of Hurricanes Katrina and Rita, we are reminded that the aftermath clearly demonstrated we must be proactive to ensure that African Americans and other communities of color are not disproportionately affected by tragedies of this scale.

The Congressional Black Caucus, under the leadership of the CBC Energy & Environment Taskforce, therefore issues this Request for Proposals from constituents, activists, students, business and political leaders in the Gulf Coast Region and nationwide for recommendations on how BP, federal agencies and local networks can move towards long term recovery and restoration of the Gulf Coast Region.   The CBC will utilize the recommendations as Congress addresses legislative vehicles and exercises oversight duties.

The CBC will also package and share proposals with the British Petroleum Company (BP), agencies and organizations responsible for long-term recovery and restoration efforts. Some proposals will be selected for verbal presentation at the CBC Green Roundtable session held during the CBC Foundation’s Annual Legislative Conference on Thursday, September 16, 2010 in Washington, D.C.

Submission Instructions Proposals must be submitted to the Congressional Black Caucus office by close of business Friday, September 10, 2010 at congressionalblackcaucus@mail.house.gov<mailto:congressionalblackcaucus@mail .house.gov>. Each submission must include the following:   .

Identify Issue Focus – we ask that proposals focus on one or more of the following issue areas:

1.     Environmental Justice

2.     BP Escrow Fund

3.     Economic Security

4.     Health & Wellness

5.     Education & Job Training

6.     Diversifying Americas Energy Future

.         Proposal Author(s)

.         Affiliated Organization/Network (including brief description or website if available)

.         Contact Information (including contact name, phone and email)

.         Proposals must be limited to 4 typed pages (we will follow up for supplemental materials and information as needed)

.         Q: Will a proposal representative be available for presentation at the CBC Green Roundtable Session on Thursday, September 16, 2010 at 2:00pm if selected? Yes/No

Confirmations of proposal receipt will be issued beginning the week of September 5, 2010.

Richard Lee Snow

Executive Director/COO

Kappa Alpha Psi Fraternity, Inc.

2322 N. Broad Street Philadelphia, PA  19132

(o) 215.228.7184  (f) 215.228.7181

Executive_Director@KappaAlphaPsi1911.com www.KappaAlphaPsi1911.com

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What is a Construction Manager and why do I need one?

August 16, 2010

I am glad you asked. A Construction Manager (CM) can be assigned responsibility for a variety of facets of the construction process from the initial conception of a project thru implementation to its completion. The construction manager assures that the project remains within the client’s budget and is completed in a timely manner. The construction manager makes sure that all aspects of the project adhere to a high level of quality and standards. The construction manager often represents the Owner of a project and interfaces between the Owner and the construction professionals (architects, inspectors, vendors, contractors et. al.).  While typically responsible for some aspects of the construction of a physical structure, the CM can also be someone who works for the Owner as a project manager to develop and integrate processes and procedures needed for the successful planning and execution of  the construction project.t

Key responsibilities

Construction managers are often responsible for organizing and facilitating the inception, implementation and completion of a project. Therefore, a construction manager must be someone who can work effectively in a multi-disciplinary environment while being mindful of the challenges or constraints of the projects. Above all, teh CM must be a team leader and problem solver as roadblocks and difficulties are inevitable in the construction process. Construction managers are also responsible for ensuring that all aspects of a construction project are carried out safely and adhere to the regulations that govern the project. Construction managers must ensure that required permits and licenses necessary to legally carrying out a project are secured.

Educational and Experience Requirements

Most construction managers hold a college level degree in fields such as civil engineering, construction science, construction management or architecture. Further technical knowledge and experience is required in specific areas related to risk management, contract & construction law, environmental regulations, OSHA and DEP requirements as well as means and methods needed to carry out the requirements of constructing the specific project. For example, construction managers should be capable of understanding engineering and architectural plans for the specific project, LEED requirements if necessary etc.  Such experience can be obtained through field training and working in the construction industry on related projects. The Construction Management Association of America (CMAA) also provides continuing education and certification for construction managers.

What to Look for in a CM

Some construction managers started their careers working for trades contractors in fields such as architecture, engineering, or local government divisions among other specialty trades fields. Many construction managers who are also self-employed have had previous experience working for general contractors, other CM firms and as code officials.  The need for of construction managers is increasing due to the construction process becoming progressively more complicated and technical with the introduction of new forms of technology (Green construction, LEED, BIM) and more complex laws regarding construction regulations, standards and practices. The opportunity retain a qualified advocate for the Owner and one whose sole motivation is to deliver a project on time and on budget advances the position that the construction manager should be considered an intergral part of any construction project. Your construction manager should be will to be very involved in every step taken within a construction project. The construction manager will be responsible for overseeing details regarding a wide array of aspects such as materials, equipment, safety, workforce, budget, design and timeline. Excellant communication skills are needed to transmit their finding both up and down the chain of command to ensure that the Owner’s vision of the project is being implemented and risks to the project’s success are identified, communicated and a plan to mitigate them developed and implemented. The construction manager must divide a project into a series of steps and make sure that each degree of the project is carried out effectively and to the desired standard so that the ensuing steps can also be implemented properly.

Basically, if you want it built right, you should be our client.

Learn more about a typical Construction Manager Resume by visiting http://www.esampleresume.com/Construction Manager.htm

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8-11 ULI NNJ – Investment Opportunities in New Jersey

August 11, 2010

Event Start Date: 09/22/2010 8:00 am
Event End Date: 09/22/2010 10:30 am
Locations: Hyatt Regency New Brunswick   
Address:
2 Albany St
New Brunswick, NJ

The ULI Northern New Jersey District Council cordially invites you to come participate in a spirited discussion on the real estate capital markets at the Hyatt Regency New Brunswick on Wednesday, September 22, 2010. In the current economic recovery, where are the real estate investment opportunities in the State of New Jersey? What types of transactions have been consummated over the past 3-6 months? What type of financing terms can one obtain today? Are asset prices and property fundamentals still deteriorating? What is the status of the distressed asset market? How should lenders, developers and private equity funds analyze and underwrite deals today?

These are the questions on everyone’s mind. Come get the answers!

Continental breakfast will be served.

AICP CM accreditation currently pending.
For more information, email mara.winokur@uli.org and mention 8140-1111.

Moderator:
Mark K. Bhasin
Basis Investment Group,Vice President

Panelists:
Chip Walters
Prudential, Principal

Jose Cruz
Cushman and Wakefield, Executive Director

Tom Didio
HFF, Senior Vice-President

Bob Hempstead
Sills Cummis & Gross, Member

Bill Lashbrook
PNC, Senior Vice-President

David T. McLain
Palisades Financial, Principal

Cost:
Fee Member NonMember
Private $50 $55
Public $45 $50
Young Leader $35
F/T Student-Complimentary
Media- Complimentary

Annual Sponsors are reminded to utilize their complimentary tickets. Fill out registration form on website and send to mara.winokur@uli.org

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8-10 It’s Time for Real Estate Investors to Start Talking to Their Appraisers

August 10, 2010

Real Estate Investors, especially if you are working on a short sale, need to talk to the appraiser and lenders to ensure that they receive an accurate valuation of the properties they are selling.

The lines of communication have been down for a considerable period of time, largely as the result of difficulties in interpreting the meaning of the Home Valuation Code of Conduct that was put in place by Fannie Mae and Freddie Mac to prevent builders from having an inappropriate influence on the appraisal process.

Unfortunately, with insufficient information about specific properties and the local marketplace, in a downwardly spiraling marketplace appraisers rely increasingly on short sales and foreclosures to establish value. These properties are often are comparable to because they have been neglected, not updated or otherwise run-down.

New policies from Fannie Mae and Freddie Mac attempt to correct this problem as well as other issues that have emerged in the appraisal process. In addition to providing clarification on communication and the use of distressed home sales as comparables, the guidance also bars lenders from changing appraisal reports and emphasizes the importance of selecting appraisers with appropriate knowledge and experience.

Real Estate Investors should meet with the appraiser at the property and provide direct support with whatever relevant information they can. “It can’t be said enough: communicate, communicate, communicate,” advises Martin Mitchell, vice CEO and vice president of land and business development at Mitchell & Best in Rockville, Md. Noting that “last year we were 180 degrees from here and told we couldn’t communicate. Go out and find the comps yourself; look at the multiple listing service and pull what you can from that to assist in comps.” Mithcell said during an August 4 NAHB Webinar.

“Good information that builders should provide,” said Allen Gardiner, vice president of residential for Jackson Claborn Inc., an appraisal and real estate consulting firm in the Dallas-Fort Worth area, “includes traffic, absorption rates and the sales you are making so that the appraiser can know what the demand is.”

“One of the biggest mistakes builders make is they hide data,” Gardiner said. “Provide all the relevant data, present a low-priced sale if there is one out there and let them know why the sale is low, and show how it is related to higher-priced sales.”

For more information, e-mail Steve Linville at NAHB, or call him at 800-368-5242 x8597.

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8-4 Updated CHOICE Mortgage Program

August 4, 2010

The New Jersey Housing and Mortgage Finance Agency (NJHMFA) has provided an updated Mortgage Program Chart that directly compares origination and essential underwriting requirements for their main programs in the Single Family Division of the Agency:

1.     Homebuyer Mortgage Program

2.     100% Financing Program

3.     Police and Fire Retirement System Mortgage Program

4.     Smart Start Second Mortgage Program

6.     Live Where You Work Mortgage Program

Should you have any questions pertaining to any of the listed programs, you can email me for the 12 page mortgage chart (tacohen@thecmpro.com). You can also contact NJHMFA at

CHOICE Program: 609/278-7400

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28 Faxon Dr., Robbinsville – New Price Reduction

August 2, 2010

Recent price reduction for this property

in move in condition.

Priced to sell, this is a must see.

Click here for listing information

Click here for virtual tour of the property.

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