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 to construct a new supportive housing development consisting of eleven (11) supportive housing rental units for chronically homeless individuals (11 HOME subsidized). Entity Name: HBP Rain Foundation, a NJ Non-profit Corporation d/b/a Essex County LGBT RAIN Foundation Entity Address: East Orange, New Jersey 07017 Grant Amount: $1,300,000.00 Funding Source: Federal HOME 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) 25-27 Roseville Avenue/Block 1873/Lot 1/West Ward Additional Information: