Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Affordable Housing Agreement for Federal HOME Funds Purpose: To authorize the execution of an Affordable Housing Agreement with MCI Construction Services, LLC. Entity Name: MCI Construction Services, LLC Entity Address: 569 Martin Luther King Boulevard, Suite 303, Newark, New Jersey 07102 Grant Amount: $300,000.00 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) 192 South 10th Street/Block 1814/Lot 57/West Ward 223 South 10th Street/Block 1814/Lot 24/West Ward Additional Information: The entity will construct two (2) new two-family homes consisting of a total of four (4) residential rental units (3 HOME subsidized), one (1) of which shall be an unrestricted market rate rental unit and three (3) of which shall be deed-restricted affordable rental units, upon properties located at 192 South 10th Street (two (2) three (3) bedroom apartment units) and 223 South 10th Street (two (2) three (3) bedroom apartment units) (Block 1814, Lot 57 and Block 1814, Lot 24, respectively) (West Ward) of the Official Tax Map of the City of Newark, County of Essex, State of New Jersey.