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 999 Broad Street -Phase I through the New Jersey Housing mortgage Finance Agency Low Income Housing Tax Credit Program. Entity Name: Downtown Partners Urban Renewal Associates, L.P. Entity Address: 77 Park Street, Montclair, New Jersey 07042 Funding Source: New Jersey Housing Mortgage Finance Agency Program (Low Income Housing Tax Credit) Total Project Cost: $22,738,192.00 City Contribution: N/A Other Funding Source/Amount: HOME Program Funds /$1,057,652.00 List of Properties: (Address/Block/Lot/Ward) 999-1005 Broad Street/Block 111/ Lot 70.02 /Central Ward Additional Information: Resolution 7R3-A adopted on 022013, approved Federal HOME Program Funds