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: SUW K Urban Renewal, LLC Entity Address: 20 West 47th Street, Suite 705, New York, New York 10036 Funding Source: New Jersey Housing Mortgage Finance Agency Program (Low Income Housing Tax Credit) Total Project Cost: $120,374,959.00 City Contribution: $0.00 Other Funding Source/Amount: Debt financing and equity funding List of Properties: (Address/Block/Lot/Ward) 430-436 Market Street/Block 176/Lot 1/East Ward Additional Information: