Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Affordable Housing Agreement for HOME Fund. Purpose: To authorize the execution of an Affordable Housing Agreement with Hamlett Management, LLC to develop and construct a new mixed-use multi-family residential and affordable housing project consisting of nine (9) residential rental units and two (2) commercial units at the property located at 275-277 16th Avenue. Entity Name: Hamlett Management, LLC Entity Address: Maplewood, New Jersey 07040 Grant Amount: $269,900.00 Funding Source: Federal HOME Program Funds Contract Period: Funds must be expended within forty-eight (48) months from the date of Municipal Council 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) 275-277 16th Avenue/Block 334/Lot 1/West Ward Additional Information: