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 or meets an existing housing need within the City of Newark, New Jersey, 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: Weequahic Preservation, LLC Entity Address: 1865 Palmer Avenue, Suite 203, Larchmont, New York 10538 Funding Source: New Jersey Housing Mortgage Finance Agency Subsidy; Low Income Housing Tax Credit; Private Loan) Total Project Cost: $48,139,186 City Contribution: $0.00 Other Funding Source/Amount: $0.00 List of Properties: (Address/Block/Lot/Ward) 507-519 Elizabeth Avenue/Block 3637/ Lot 106 (South Ward) Additional Information: