Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Need for Housing Project Purpose: To determine whether the proposed Project will meet(s) an existing housing need within the City of Newark, pursuant to the provisions of the New Jersey Housing and Mortgage Finance Agency Law of 1983, as amended (N.J.S.A. 55:14K-1 et seq.), the rules promulgated thereunder at N.J.A.C. 5:80-1 et seq., and all applicable guidelines. Entity Name: Sheila Y Oliver Senior Housing Community, LLC Entity Address: 28 Valley Road, Suite 1, Montclair, New Jersey 07042 Funding Source: New Jersey Housing Mortgage Finance Agency Program (Low Income Housing Tax Credit) Total Project Cost: $17,785,352.00 City Contribution: 0 Other Funding Source/Amount: $0.00 List of Properties: (Address/Block/Lot/Ward) 117 Aldine Street/Block 3051/Lot 21/South Ward 119-121 Aldine Street/Block 3051/Lot 22/Additional Lot 23/South Ward 295 Lyons Avenue/Block 3051/Lot 24/South Ward 297-299 Lyons Avenue/Block 3051/Lot 25/Additional Lot 26/South Ward 301 Lyons Avenue/Block 3051/Lot 27/South Ward 303 Lyons Avenue/Block 3051/Lot 28/South Ward Additional Information: