View Research by Author - Marvin J. Price

Citation URL: http://www.urban.org/MarvinJPrice

This memorandum, intended for municipalities in Slovakia, addresses the important elements of housing service privatization and makes recommendations about how municipalities should approach them. Included are a sample outline for a request for proposals or invitation for bids; bid evaluation criteria for housing management company privatization; and a sample management agreement.

This is an outline of proposed contents that covers maintenance and renovation, survey of property conditions, preparation of the renovation plan, funding for the renovation, condominium association membership, and implementation of the renovation program. An appendix provides an outline of the loan application process from either a commercial bank, a private lender, or a combination of both.

The purpose of this program is to enable condominium associations formed in newly privatized buildings in Slovakia to undertake capital repairs, improvements, or additions to existing structures. The program aims to determine what constraints exist and the feasibility of eliminating them. This report examines financial, technical, and organizational aspects of potential participant condominiums in Slovakia. Demonstration sites were selected and specific project plans were designed. Existing institutional lending and other sources of capital and in-kind services were investigated. Also described are meetings with local government officials, bankers, and building professionals.

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