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 The Lantana through the New Jersey Housing Mortgage Finance Agency Low Income Housing Tax Credit Program. Entity Name: Lantana Urban Renewal, 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: $15,563,693.00 City Contribution: N/A Other Funding Source/Amount: N/A List of Properties: (Address/Block/Lot/Ward) 109-119 Broad Street/ Block 523/ Lots 1,3-5,51,54,59,60/Central Ward Additional Information: Ordinance 6PSFA(S) 043012, approved a Thirty (30) Tax Abatement Resolution 7R3-L 091510, subsidized acquisition of foreclosed units