Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Need for Housing Project Purpose: To determine whether the proposed Project will meet an existing housing need within the City of Newark, pursuant to the provisions of the New Jersey Housing and Mortgage Finance Agency Law of 1983, as amended (N.J.S.A. 55:14K-1 et seq.), the rules promulgated thereunder at N.J.A.C. 5:80-1 et seq., and all applicable guidelines. Entity Name: MAR NHA WSV Phase 1, LLC Entity Address: 921 Elizabeth Avenue, 5th Floor, Elizabeth, New Jersey 07201 Funding Source: New Jersey Housing Mortgage Finance Agency Program (Low Income Housing Tax Credit) Total Project Cost: $22,035,536.00 City Contribution: To Be Determined Other Funding Source/Amount: $0.00 List of Properties: (Address/Block/Lot/Ward) 530-570 South 13th Street/Block 310/Lot 1/Central Ward Additional Information: