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 193 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, LLC Entity Address: 89 Market Street, 8th Floor, Newark, New Jersey 07102 Funding Source: New Jersey Housing Mortgage Finance Agency Program (Low Income Housing Tax Credit) Total Project Cost: $102,392,956 City Contribution: Other Funding Source/Amount: $100,392,956 List of Properties: (Address/Block/Lot/Ward) 199-201 Market Street/Block 146/Lot 35/Central Ward 197 Market Street/Block 146/Lot 37/Central Ward 193-195 Market Street/Block 146/Lot 38/Central Ward 12 Beaver Street/Block 146/Lot 55/Central Ward Additional Information: