Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Resolution of Need for Housing Project Purpose: To support NJHMFA Low Income Housing Tax Credit Application for the Jelliff Estates housing project proposed by Jelliff Senior Estates Urban Renewal LLC, 195 Lafayette Street, Newark New Jersey 07105 , for construction of 51 rental units of affordable housing on Block 2681, Lots 31,32 and 34. Entity Name: Jelliff Senior Estates Urban Renewal LLC Entity Address: 195 Lafayette Street Newark, New Jersey 07105 Funding Source: New Jersey Housing Mortgage Finance Agency Program (Low Income Housing Tax Credit) Total Project Cost: $11,500,767 (Approximately) City Contribution: Not yet identified Other Funding Source/Amount Not yet identified /$ List of Properties: (Address/Block/Lot/Ward) 220-224 Jelliff Avenue/ Block 2681/Lot 34/South Ward 226-230 Jelliff Avenue/Block 2681/ Lot (s) 31, 32/South Ward Additional Information: Per the NJ Business Registration Certificate the Entity’s address is listed as 71 Lake Avenue, Colonia, New Jersey 07067 Deferred 7R3-b 100114