Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Affordable Housing Agreement for HOME Funds Purpose: To authorize the execution of an Affordable Housing Agreement with Urban League of Essex County Opportunity Corporation to construct a new affordable housing project consisting of eight (8) two-family owner-occupied residential buildings for a total of sixteen (16) housing units of which eight (8) housing units shall be affordable and designated as deed-restricted affordable homeownership housing units offered for sale to qualified low-income single family households. Entity Name: Urban League of Essex County Opportunity Corporation Entity Address: 508 Central Avenue, Newark, New Jersey 07107 Grant Amount: $750,000.00 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) 147 Camden Street/Block 262/Lot35/West Ward 172-178 Fairmount Avenue/Block 262/Lots 26, 27, and 28/West Ward 208-210 Fairmont Avenue/Block 262/Lots 10 and 11/West Ward 187 Fairmount Avenue/Block 263/ Lot 41/West Ward 195 Fairmount Avenue/Block 263/Lots 45/West Ward Additional Information: