Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Need for Housing Project Purpose: Resolution supporting application of 609 Broad Street, LLC for funding under the Low Income Housing Tax Credit Program through the New Jersey Housing Mortgage Finance Agency for a project known as 609 Broad Street. Entity Name: 609 Broad Street, LLC Entity Address: 1865 Palmer Avenue, Suite 203 Larchmont, New York 10538 Funding Source: New Jersey Housing Mortgage Finance Agency Program (Low Income Housing Tax Credit) Total Project Cost: $129,393,053 approximately City Contribution: N/A Other Funding Source/Amount: N/A /$ List of Properties: (Address/Block/Lot/Ward) 609-633 Broad Street/ /Block 18/Lot 39 /Central Ward. Additional Information: Entity is also requesting a thirty year (30) tax abatement on the project. No Action Taken 7R3-d 100213