All Legislation
Resolution22-0584Adopted

Dept./ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Grant Agreement Purpose: To grant financial assistance for the construction of a new twenty-five (25) unit affordable housing residential building that will be offered to veterans and veterans with families who are homeless, indigent and/or at-risk of homelessness (50% or less of area median household income and supportive housing) with a common space/community room for residents, as well as to provide a place for outside social service agencies to conduct outreach and services to the residents at 102-108 3rd Avenue E., Newark, New Jersey 07104 Entity Name: Domus Corporation Entity Address: 590 North 7th Street, Newark, New Jersey 07107 Grant Amount: $300,000.00 Funding Source: Community and Economic Development Dedicated Trust Fund Total Project Cost: $6,770,000.00 City Contribution: $300,000.00 Other Funding Source/Amount: $0.00 Grant Period: Commencing upon full execution of the Grant Agreement and expiring within twenty-four (24) months of the commencement date of construction 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: (if applicable) (Address/Block/Lot/Ward) 102-108 3rd Avenue E./Block 526/Lot 10/Central Ward Additional Information:

Progress

Introduced

Apr 12, 2022

In Committee

Sep 8, 2022

Passed

Sep 8, 2022

4

Enacted