RND Consultants, Inc.
DBE/WBE/SBE Certified

Project Description:

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Through a Small Developer Pilot Program/Neighborhood Hub Program offered by MassHousing, RND supported a minority developer with preconstruction services. The proposed project plans consisted of converting an underutilized and blighted warehouse into a 9-unit affordable apartment building. The focus of this project was to pilot opportunities for minority businesses that wanted to invest in the communities that they live, work, and play in.

RND assisted with the development agreement between a non-profit developer Westside Legends and New Bedford Community Development. RND provided a proforma review and evaluation, advisory services for selection of development team members, permitting assistance, and funding sources/capital stack/neighborhood stabilization support for this important New Bedford project. As Owners Project Manager (OPM), RND provided project strategy, coordinated with the architect and engineer for accuracy and completeness, conducted design reviews to ensure planning board requirements are met, and prepared the financing & construction cost estimate required for the public grant funding applications (Neighborhood Stabilization Program, One Stop, and Community Preservation Act Funding).

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RND Value: mentored the new developer on real estate development fundamentals to allow the development to succeed.

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Role: RND acted as the OPM for a 9 unit affordable housing apartment building.

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Professional Services:

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• Market Analysis

• OPM to Support the Developer

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