Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Application for Long-Term Tax Abatement Purpose: To grant a long term tax abatement to 101 14th AVENUE, LLC under the HMFA law for the construction of a 25,000 square-foot 24 unit facility designed to provide supportive housing for chronic homeless. Entity Name: 101 14th AVENUE, LLC Entity Address: 233 West Market Street, Newark, New Jersey 07103 Abatement Period: Thirty (30) years Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a List of Property: (Address/Block/Lot/Ward) 101 14th Avenue, and identified on the official tax map of the City as Block 274, Lots 2-5, 40 and 41 (“Lots recently merged into Lot 2”)/Central. Additional Information: The requested PILOT formula is based on 6.28% of gross revenues.