Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Application for an Assignment and Assumption of a Long-Term Tax Abatement Purpose: Consent to sale of affordable housing project and assignment of Financial Agreement for the project from Fairview Preservation Urban Renewal Partnership, L.P. to Fairview Homes Acquisition Urban Renewal, LLC Entity Name: Fairview Homes Acquisition Urban Renewal, LLC Entity Address: c/o Related Affordable, 60 Columbus Circle, New York, New York 10023 Abatement Period: Term of tax abatement forty (40) years from completion of original project approved through Resolution #7RA-092879 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) 368-408 Hunterdon Street / Block 2547 / Lot 1/ Central Additional Information: Original tax abatement granted by Resolution 7RA 092879 First Assignment granted by Resolution 7REF 080499