NMHC credit and mortgage division manager Jesse Palacios confirmed to Variety, “RFP will be out next month.”
He said the housing agency had already informed the proposer to be on the lookout for the RFP.
The NMHC board, during its Nov. 3 board meeting, had decided in favor of issuing an RFP and go through the standard process rather than deciding on a single proposal.
The proposer, a design firm — which Variety elected not to name in this report — had proposed to acquire 15 units of the Garapan Annex, each unit to be converted into a medical facility.
Director Diego Songao said in a previous meeting that a public hearing is necessary and he asked the NMHC administration to check inputs from the Office of the Governor, Legislature and CHC if the proposed project would complement what CHC’s doing.
The board also looked into renovating the vacant units as an option and lease or rent out the units under Section 8.
However, entertaining this option would leave the agency looking for resources to tap into for renovation.
Chairwoman Merced “Marcie” Tomokane suggested that the agency issue an RFP to find out if the property would generate interest.
Director Tom Glenn Quitugua agreed with Tomokane saying, “RFP is the best [option],” adding that it could even spur more interest than the single proposal that the agency had received.
Variety learned that the proposal was looking at getting 15 units for about $600,000 with the proposer intending to pay off the entire amount in installments over a span of three years.
The Garapan Annex sits on a prime location, situated next to a school, grocery, and across from the hospital.
Palacios told Variety some of the units are still occupied by Section 8 clients and government agencies.
Based on its last appraisal, each unit cost $55,555 and the entire property, if sold, would have fetched about $2.49 million.
Auction on Nov. 29
The NMHC is planning on offloading four properties through an auction on Nov. 29.
The housing agency expects to generate $180,000 from the sale of four properties: a 745 sq. m. property with Lot. No. I 494 on Atmayas St. in Koblerville; Lot. No. 017 D 35 in Sugar King Park, Chinatown; 1,486 sq. m. property in San Jose, Tinian; and 907 sq. m. property in San Vicente.
The Koblerville property, last appraised at $80,500, is now valued at $33,640.48.
The formerly $67,900 property in Chinatown now commands a minimum bid of $24,060.10
A house located next to San Vicente Church is being sold for $47,366.74 from its previous value of $84,000.
The $92,800 San Jose property will command an opening bid of $72,955.75.
These four properties were part of the 23 auctioned off last Oct. 4.
For more information on properties for sale and housing loans, call the housing agency at 234-6866/9447/7670/7689 or email [email protected]
For those interested in sending bids on the four properties, sealed bids will be accepted until 4 p.m. of Nov. 28 while untimely sealed bids will be rejected.
