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 the South Ward Neighborhood Housing Urban Renewal, LP 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: South Ward Neighborhood Housing Urban Renewal LP Entity Address: 421 Halsey Street, Newark, New Jersey 07102 Funding Source: New Jersey Housing Mortgage Finance Agency Program (Low Income Housing Tax Credit) Total Project Cost: $8,963,684.00 City Contribution: None Other Funding Source/Amount: Conventional construction loan and permanent loan financing. Fee/$8,963,684.00 List of Properties: (Address/Block/Lot/Ward) 17-19 Seymour Avenue, Block 3660, Lot 15; 105-107 Aldine Street, Block 3051, Lot 14; 40 Rose Terrace, Block 2625, Lot 52; 742-744 South 10th Street, Block 2652, Lot 53 24-26 Bragaw Avenue, Block 3048, Lot 6; 89-91 Baldwin Avenue, Block 3004, Lot 21; 170 Seymour Avenue, Block 3020, Lot 39; 493 Jelliff Avenue, Block 3576, Lot 9.06; 33 Yates Avenue, Block 3598, Lot 37; 20 Treacy Avenue, Block 2625, Lot 1; 864 South 14th Street, Block 3009, Lot 19; 69-71 Van Ness Place, Block 3033, Lot 48; 230 Sherman Avenue, Block 2770, Lot 22 (South Ward)(South Ward) Additional Information: