Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Affordable Housing Agreement for Federal HOME Loan Purpose: To authorize the execution of an Affordable Housing Agreement with Project Live, Inc. Entity Name: Project Live, Inc. Entity Address: 465-475 Broadway, Newark, New Jersey 07104 Grant Amount: $812,625.00 Funding Source: Federal HOME Program Funds Contract Period: HOME 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) 457 Broadway/Block 619/Lots 1, 2, 3, and 4/North Ward Additional Information: The entity will renovate an existing three (3) story supportive housing development consisting of nine (9) supportive housing rental units for extremely low-income special needs individuals, who are diagnosed with a serious and persistent mental illness (9 HOME subsidized), upon property located at 457 Broadway (Block 619; Lots 1, 2, 3, and 4) (North Ward) of the Official Tax Map of the City of Newark, County of Essex, State of New Jersey