Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Need for Housing Project Purpose: Resolution supporting the Sponsor’s application for funding a project known as New Horizons Phase I through the New Jersey Housing Mortgage Finance Agency Low Income Housing Tax Credit Program. Entity Name: New Horizons Phase I Urban Renewal Associates, LP Entity Address: 3 East Stow Road, Marlton, New Jersey 08053 Funding Source: New Jersey Housing Mortgage Finance Agency Program (Low Income Housing Tax Credit) Total Project Cost: $29,263,378.00 City Contribution: N/A Other Funding Source/Amount: N/A List of Properties: (Address/Block/Lot/Ward) 220-280 Irvine Turner Boulevard/ Block 2580/ Lot 2/Central Ward Additional Information: N/A