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 Rubix International Limited Liability Company. Entity Name: Rubix International Limited Liability Company Entity Address: 24 Commerce Street, Suite 1420, Newark, New Jersey 07102 Grant Amount: $195,000.00 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) 320-322 Hawthorne Avenue/Block 3612/Lot 4/South Ward Additional Information: The entity will construct a new multi-family residential and affordable housing development consisting of three (3) affordable housing rental units (all HOME subsidized), upon property located at 320-322 Hawthorne Avenue (Block 3612, Lot 4) (South Ward) of the Official Tax Map of the City of Newark, County of Essex, State of New Jersey. Deferred 7R2-n 040523 Deferred 7R2-I 041923