Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Need for Housing Project Purpose: Provisions of the New Jersey Housing Mortgage Finance Agency, NJHMFA Law to enable the Agency to process the Sponsor’s application for funding a project known as The Lantana, through the Low Income Housing Tax Credit Program Entity Name: The Lantana Urban Renewal, L.P. Entity Address: 77 Park Street, Montclair, New Jersey 07042 Funding Source: New Jersey Housing Mortgage Finance Agency Program (Low Income Housing Tax Credit) Total Project Cost: $20,993,666.00 City Contribution: $750,000.00 Other Funding Source/Amount: Private Lender, NJ DCA, Deferred Developer Fee/$13,763,000.00 List of Properties: (Address/Block/Lot/Ward) 109-119 Broad Street/Block 523/Lots 1, 3, 4, 5, 51, 54, 59 and 60 (Central Ward), and 130-132 North 11th Street/Block/1926/Lot 1.02 (Central Ward), respectively Additional Information: