Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Need for Housing Project Purpose: To support NJHMFA Low Income Housing Tax Credit Application for funding a project known as New Community Sussex through the Low Income Housing Tax Credit Program. Entity Name: New Community Sussex, L.P. Entity Address: 233 West Market Street, Newark, New Jersey 07103 Funding Source: New Jersey Housing Mortgage Finance Agency Program (Low Income Housing Tax Credit) Total Project Cost: $2,449,384.00 City Contribution: N/A Other Funding Source/Amount: /$ N/A List of Properties: (Address/Block/Lot/Ward) 351-357 Sussex Avenue/1888/35, 36, 37, 38/Central Ward Additional Information: This is a rehabilitation project of thirty-one (31) units at four (4) properties that are rent restricted for moderate income households.