Dept/ Agency: Administration/Office of Management and Budget Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: CDBG's Budget Appropriation Purpose: CDBG Forty-Eighth (48th) Year (CDBG XLVIII), funds to sub-grantees. Entity Name: City of Newark Entity Address: 920 Broad Street, Newark, New Jersey 07102 Total Grant Amount: $6,924,742.00 Grant Period: September 1, 2022 through August 31, 2023 Funding Source: United States Department of Housing and Urban Development Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale (X) Grant ( ) Sub-recipient ( ) N/A Additional Information: Application and Grant Acceptance by Resolution 7R1-h adopted on March 1, 2023, authorized the application/acceptance of the One (1) Year Action Plan for Program Year 2022-2023, which included $6,924,742.00 of CDBG funds. Two-Thirds vote of full membership required.