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 known as Fairmount Commons will meet(s) 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: Fairmount Commons Urban Renewal Associates, L.P. Entity Address: 77 Park Street, Montclair, New Jersey 07042 Funding Source: New Jersey Housing Mortgage Finance Agency Program (Low Income Housing Tax Credit) Total Project Cost: $25,800,000 City Contribution: $0.00 Other Funding Source/Amount: To Be Determined List of Properties: (Address/Block/Lot/Ward) 331 South 11th Street/Block 1784/Lot 6/West Ward 333 South 11th Street/Block 1784/Lot 7/ West Ward 335 South 11th Street/Block 1784/Lot 8/West Ward 381-395 South Orange Avenue /Block 1784/Lot 35/West Ward Additional Information: