Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Grant Agreement Purpose: To provide grant financial assistance for the construction of a three (3) family affordable home from recycled shipping materials at 393 Halsey Street. Entity Name: Community Asset Preservation Corporation Entity Address: 108 Church Street, New Brunswick, New Jersey 08901 Grant Amount: $150,000.00 Total Project Cost: $859,850.00 City Contribution: $150,000.00 Other Funding Source/Amount: $709,850.00 Grant Period: Commencing on the date of execution and delivery of the Grant Agreement between the Entity and the City and shall expire upon the City’s issuance of a Certificate of Completion for the Project Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale (X ) Grant ( ) Sub-recipient ( ) n/a List of Property: (if applicable) (Address/Block/Lot/Ward) 393 Halsey Street/Block 116/Lot 29/Central Ward Additional Information: