Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Need for Housing Project Purpose: To support New Jersey Housing and Mortgage Finance Agency Low Income Housing Tax Credit Application for funding a project known as 540 Broad Street through the Low Income Housing Tax Credit Program. Entity Name: 540 Broad Street Owners, LLC Entity Address: 1865 Palmer Avenue, Suite 203, Larchmont, New York 10538 Funding Source: New Jersey Housing Mortgage Finance Agency Program (Bond Financing and Low Income Housing Tax Credit) Total Project Cost: $107,515,000.00 City Contribution: N/A Other Funding Source/Amount: Sponsor Equity, Mezzanine Debt Financing List of Properties: (Address/Block/Lot/Ward) 540 Broad Street/Block 24, Lot 29/Central Ward Additional Information: