Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing (X) Amending Type of Service: Need for Housing Project Purpose: Amend Resolution 7R3-A(S) 032613 by increasing number of units and support the sponsor’s application for funding a project known as Spruce Street Senior Apartments Project through the New Jersey Housing Mortgage Finance Agency Low Income Housing Tax Credit Program. Entity Name: Spruce Senior Center urban Renewal Associates, LP Entity Address: 3 East Stow Road, Suite 100, Marlton, New Jersey 08053 Funding Source: New Jersey Housing Mortgage Finance Agency Program (Low Income Housing Tax Credit) Total Project Cost: $15,816,503.00 City Contribution: N/A Other Funding Source/Amount: HUD HOME Program Funds /$1,556,946.00 List of Properties: (Address/Block/Lot/Ward) 136-146 Spruce Street/Block 2556/Lot 61/Central Ward Additional Information: Resolution 7R3-A(S) 032613 supports sponsors application for HMFA Low Income Tax Credit Program Funds Resolution 7R3-A 020613 approved HOME Fund grant for $1,556,946.00