Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing (X) Amending Type of Service: Need for Housing Project Purpose: : To support NJHMFA Low Income Tax Credit Application for the Garden Spires Apartments housing project proposed by Garden Spires Urban Renewal, L.P. for the rehabilitation of Five Hundred and Forty-four (544) rental units of affordable housing on a site described as Block 1913, lot 2 Entity Name: Garden Spires Urban Renewal, L.P. Entity Address: 820 Bear Tavern Road, West Trenton, New Jersey 08628 Funding Source: New Jersey Housing Mortgage Finance Agency Program (Low Income Housing Tax Credit Total Project Cost: $125,690,280.00 City Contribution: -0- Other Funding Source/Amount: $27 million of state tax credit equity provided by N.J. Economic Development Authority) /$ List of Properties: (Address/Block/Lot/Ward) 175-199 First Street /Block 1913/Lot 2/Central Ward Additional Information: First Knight Properties, LLC & 117 SO, 100 3rd Avenue, Kearny, New Jersey 07032 is identified as the owner of record for all properties listed above. 885 Second Avenue 31st Floor, New York, New York 10017: Main business or principal address per the Business Registration Certificate effective date 2-13-14