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 City Hall Apartments, through the Low Income Housing Tax Credit Program Entity Name: Broad Hill Partners Urban Renewal, LLC. Entity Address: c/o Urban Builders Collaborative, 334-336 East 110th Street, New York, New York 10029 Funding Source: New Jersey Housing Mortgage Finance Agency Program (Low Income Housing Tax Credit (LIHTC); Freddie Mac Loan; Developer Equity; Deferred Developer Fee) Total Project Cost: $23,410,363.00 City Contribution: $0.00 Other Funding Source/Amount: Freddie Mac Loan/$9,659,767.00; Developer Equity/$1,158,702.00; Deferred Developer Fee/$1,402,500.00 (Address/Block/Lot/Ward) 915-933 Broad Street/Block 93/Lot 29/ Central Ward Additional Information: