Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Execute Affordable Housing Agreement for HOME funds. Purpose: To authorize the execution of a HOME Affordable Housing Agreement with TMA General Contracting LLC to develop and construct a new three-family home consisting of one (1) two-bedroom unit and two (2) three-bedroom units (3) HOME designated and subsidized units upon the property located at 43 Jacob Street (Block 303; Lot 1) (Central Ward) of the Tax Map of the City of Newark, County of Essex, State of New Jersey Entity Name: TMA General Contracting LLC Entity Address: 17 Academy Street, Suite 301, Newark, New Jersey 07102 Grant Amount: $85,000.00 Funding Source: Federal HOME Program Funds Contract Period: HOME Program Funds must be expended within forty-eight (48) months from the date of adoption. Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale (X) Grant ( ) Sub-recipient ( ) n/a List of Property: (Address/Block/Lot/Ward) 43 Jacob Street (Block 303; Lot 1) (Central Ward) of the Tax Map of the City of Newark, County of Essex, State of New Jersey Additional Information: