Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Supporting a Grant Application Purpose: To support the New Jersey Department of Community Affairs Affordable Housing Trust Fund Application for funding to construct a new four (4) story, multi-family residential low-rise building consisting of nineteen (19) units of affordable housing. Entity Name: Rising Plains, LLC Entity Address: Hillside, New Jersey 07205 Grant Amount: $4,791,809.00 Funding Source: New Jersey Department of Community Affairs Affordable Housing Trust Fund Total Project Cost: $5,391,809.00 City Contribution: $0.00 Other Funding Source/Amount: Private lender Contract Period: Not Applicable Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient (X) n/a List of Property: (if applicable) (Address/Block/Lot/Ward) 475-481 So. 16th Street/Block 327/Lot 15/West Ward Additional Information: Deferred 7R2-p 040523