Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Application for Long-Term Tax Abatement Purpose: Substantial renovation and reconfiguration of a 209 unit residential rental senior affordable housing project currently owned and operated by the Newark Housing Authority on real property commonly known as 63-91 Lincoln Street and 151-161 Court Street, Newark, New Jersey 07103 . Entity Name: Lincoln Towers Urban Renewal, LP Entity Address: c/o Newark Housing Authority, 500 Broad Street, Newark, New Jersey 07102 Abatement Period: Term of tax abatement - 30 years Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( X ) n/a List of Property: (Address/Block/Lot/Ward) 151-161 Court Street aka 63-91 Lincoln Street/Block 2528/Lot 60.01/Central Ward Additional Information: