Neighborhood Stabilization Funds RFQ

RFQs to Help Determine How to Spend Neighborhood Stabilization Funds

Due to very high interest in the use of $29 million in Neighborhood Stabilization Plan funds, The Department of Metropolitan Development (DMD) for the City of Indianapolis is extending the deadline for submitting responses to DMD's Requests for Qualifications (RFQ). The original deadline was March 2nd. The new deadline is March 16th, 2009.

The RFQ process asks applicants to submit information about their qualifications to implement all or some portions of the NSP plan in one or more of the four targeted areas.

"We have a unique opportunity to make a major impact in areas adversely affected by the recent foreclosure crisis," said DMD Director Maury Plambeck. "Extending the deadline will allow more responses to be submitted." The funds must be under contract within 18 months, and the funds must be spent within 48 months.

From the submissions the city will choose teams to partner with neighborhoods and other stakeholders to develop and implement specific projects. The City encourages partnerships with minority, women, and veteran-owned businesses. RFQs are available at the City's website www.Indy.gov Go to the DMD home page, click on community development and scroll down for the plan and RFQ.