Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Need for Housing Project Purpose: To support NJHMFA Low Income Tax Credit Application for the New Community Corporation Manor housing project proposed by 545 Orange Street, LLC, 233 W. Market Street, Newark, New jersey 07103, for construction of 327 rental units of affordable housing on property site listed below. Entity Name: 545 Orange Street, LLC Entity Address: 233 W. Market Street Newark, New Jersey 07103 Funding Source: New Jersey Housing Mortgage Finance Agency Program (Low Income Housing Tax Credit) Total Project Cost: $15,346,156.00 (Approximately) City Contribution: N/A Other Funding Source/Amount: N/A List of Properties: (Address/Block/Lot/Ward) 535-551 Orange Street/Block 1904/ Lot 1 /West Ward 276-292 Fifteenth Avenue/Block 249/ Lot 15 /Central Ward 314-324 Fifteenth Avenue/Block 247/ Lot 19 /Central Ward 74-88 Fourteenth Avenue/Block 245/ Lot 1 /Central Ward 55-79 Jones Street/Block 239,/Lot 13 /Central Ward Additional Information: No Action Taken, June 18, 2014 Deferred 7R3-a 062414