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(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: Kawaida Towers, LP Entity Address: 909 3rd Avenue, 21st Floor, New York, New York 10022 Funding Source: New Jersey Housing Mortgage Finance Agency Program (Low Income Housing Tax Credit) Total Project Cost: $28,500,000.00 City Contribution: $5,000,000.00 Other Funding Source/Amount: $0.00 List of Properties: (Address/Block/Lot/Ward) 17- 21 Halsey Street/Block 20/Lot 1/Central Ward Additional Information: