Dept./ Agency: Economic and Housing Development Action: (X) Ratifying (X) Authorizing (X) Amending Type of Service: Affordable Housing Purpose: To amend the Resolution of Need adopted on July 14, 2020, as Resolution 7R2-b(S), to correct the list of properties within the Project and revise the dwelling unit count on the Project to the constructed by Oak Towers Urban Renewal Entity, LLC and financed through the NJHMFA’s Low Income Housing Tax Credit Program. Entity Name: Oak Towers Urban Renewal Entity, LLC Entity Address: 150 East 52nd Street, 14th Floor, New York, New York 10022 Funding Source: New Jersey Housing Mortgage Finance Agency Program (Low Income Housing Tax Credit) Total Project Cost: $17,339,117.00 City Contribution: $0.00 Other Funding Source/Amount: $0.00 List of Properties: (Address/Block/Lot/Ward) 2-8 Stratford Place/Block 2668/Lot 1/South Ward 18-22 Stratford Place/Block 2668/Lot 9/South Ward 24 Stratford Place/Block 2668/Lot 12/South Ward 26 Stratford Place/Block 2668/Lot13/South Ward 28 Stratford Place/Block 2668/Lot 14/South Ward 30 Stratford Place/Block 2668/Lot 15/South Ward Additional Information: Original Resolution of Need: Resolution 7R2-b(S), adopted on July 14, 2020.