How to
Register Your Foreclosure Cleanup Business With Local Housing Authorities
For Contracts
By Cassandra
Black
Solid Outlets for Vendor Contracts
Your county's local housing authorities ("HA") can be good outlets for
foreclosure and real estate cleanup contracts. As a small business in any
area of real estate contracting, a gold mine in vendor opportunities is
available. Why? Because just recently several cities across the nation
have benefited from millions in stimulus money pouring directly into
housing authority coffers.
Millions in Stimulus Money Going to Individual Housing Authorities
For example Norfolk Redevelopment and Housing Authority in Virginia
received $9.2 million in stimulus money; New Orleans received almost $35
million; Tampa received $10.5 million; and the federal government recently
gave the Chicago Housing Authority approximately $200 million in stimulus
money, most of which is slated to go towards rehabbing and building. And
the list goes on and on.
A good deal of the housing authority stimulus funds are being used to
revitalize neighborhoods and to rehab existing housing.
Have You Registered Your Business?
If you are a contractor such as a property preservation or foreclosure
cleanup business, landscaper, hauler, electrician, appraiser, plumbing
company, etc., you can register your business with your local offices; and
many of the vendor applications are available online.
How Does It Work?
First, real estate contracting businesses should seek out the
appropriate HA with which to register as a vendor. Many cities have more
than one office servicing an area, so make sure you research the right HA
with which to register your foreclosure cleanup or real contracting
business.
TIP: Register your foreclosure cleanup business with HAs in
areas that are close to your business' home-base so you can properly
service contracts as they come in.
Housing Authority Application Process
Once you find the correct office with which to register your
foreclosure cleanup or contracting business, simply visit their websites
and start completing applications online.
Required Follow-up Information via Mail or Fax
You may have to send follow-up information via mail or fax to complete
the formal application process (i.e., completed W-9, copy of business
license, proof of insurance, etc.). But you can get started immediately by
filling out electronic applications online.
Once at a housing authority's website, you will be looking for links
that say something like Contracting Opportunities, Vendor Opportunities,
Business Opportunities, Doing Business with the Housing Authority, etc.
When you click on the appropriate links, you will be taken to an online
vendor application (the application may be called a procurement
application, depending on the housing authority).
From there, simply complete the application as instructed and send out
the required follow-up material to complete the process
Bid Solicitations Will Start Coming In
From there, you will start getting bid solicitations, or request from
proposals (RFP) from the housing authorities with which you register. You
can also regularly check an HA's website to find out which jobs are open
for bids. Search a
housing authority's website for links like "Current Solicitations" or
"Current Opportunities."
Once you start receiving bid solicitations, you can actually start
competing for lucrative contracts for your business.
Good luck registering your foreclosure cleanup business or your
contracting service with your local housing authorities for contracting
opportunities.
Cassandra Black is the Author of How to Start a Foreclosure Cleanup
Business: FREE
Articles & Advice Blog and the How to Start a Foreclosure Cleanup
Business eBook
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