Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Execute Affordable Housing Agreement for HOME Funds Purpose: To authorize the execution of an Affordable Housing Agreement to West Market Owners, LLC for the construction of a mixed residential-commercial project that will consists of seventy-eight (78) rental units with a total of six (6) HOME subsidized units upon property located at 4-22 Littleton Avenue. Entity Name: West Market Owners, LLC Entity Address: 1865 Palmer Avenue, Suite 203, Larchmont, New York, New York, 10538 Grant Amount: $300,000.00 Funding Source: Federal HOME Program Funds Total Project Cost: $42,423,516.00 Contract Period: 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) 4-22 Littleton Avenue/Block 1808/Lot 1.02 (West Ward) Additional Information: