Development & Construction
In 2017, the United States Department of Housing and Urban Development authorized GDPM to convert all GDPM owned public housing units to the Rental Assistance Demonstration (RAD) Project Based Voucher (PBV) Program. Since 2017, GDPM underwent an in-depth analysis of all of its properties and considered various HUD repositioning tools, including:
- RAD Conversion to PBVs
- Non-RAD Conversion to PBVs
- Section 22 Voluntary Conversion
- Section 18 Disposition
- Section 18 demolition
As a result of the analysis, GDPM implemented an aggressive multi-phase redevelopment plan. The redevelopment plan will occur over the next ten years and will allow GDPM to preserve affordable housing for its residents for the long term. Many GDPM properties will undergo either new construction or a substantial rehabilitation. GDPM intends to fund its aggressive preservation plan through various mechanisms including state and federal tax credits, HUD loans, conventional loans, Gap financing awards, grant programs, and Capital Funds.
The redevelopment plan will enable residents to enjoy affordable housing in Montgomery County for the long term and it will provide many opportunities for contractors. GDPM’s plan includes small construction projects, medium sized construction projects and major construction projects.
If you are a GDPM resident in search of more information, please refer to the Resident Newsletter & Meeting Information Page and the General RAD Information Page.
If you are a contractor searching for construction contract opportunities please visit our Construction Opportunities page and register to be notified when GDPM seeks certain types of contractors. GDPM will be seeking general contractors as well as trade-specific contractors.
Please check back often for updates!