Dept/ Agency: Economic & 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 the Newark Badger Avenue Project proposed by Badger Development Company, 27 Prince Street, Elizabeth, New Jersey 07208, for the new construction of One Hundred and Sixty (160) rental units of affordable housing on Block 2718/Lots 62, 66 & 70 aka 306-312 Badger Avenue; 298-304 Badger Avenue; and 314-336 Badger Avenue, Newark, New Jersey 07112 (South Ward). Entity Name: Badger Development Company Entity Address: 27 Prince Street, Elizabeth, New Jersey 07208 Funding Source: New Jersey Housing Mortgage Finance Agency Program (Low Income Housing Tax Credit) Total Project Cost: $51,967,112.00 City Contribution: Not known at this time Other Funding Source/Amount: Construction Loan /$31,400,000.00, LIHTC/$20,574,951.00 List of Properties: (Address/Block/Lot/Ward) 306-312 Badger Avenue/Block 2718/62/South Ward 298-304 Badger Avenue/Block 2718/66/South Ward 314-336 Badger Avenue/Block 2718/70/South Ward Additional Information: