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 Four Corners Millennium Project 101 Market Street 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: Four Corners Millennium Project Urban Renewal Entity II, LLC Entity Address: 89 Market Street, 8th Floor, Newark, New Jersey 07102 Funding Source: New Jersey Housing Mortgage Agency Program (Low Income Housing Tax Credit) Finance Total Project Cost: $97,719,099 City Contribution: Other Funding Source/Amount: $92,719,099 List of Properties: (Address/Block/Lot/Ward) 241-251 Washington Street/Block 72/Lot 1/Central Ward 101-103 Market Street/Block 72/Lot 4/Central Ward 97-99 Market Street/Block 72/Lot 5/Central Ward 93-95 Market Street/Block 72/Lot 6/Central Ward 233-237 Washington Street/Block 72/Lot 45/Central Ward 239 Washington Street/Block 72/Lot 47 /Central Ward Additional Information: