Dept/ Agency: Economic & Housing Development Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: Agreement with Sub-recipient Purpose: Provide NSP3 grant funds to subsidize the Project known as the Vailsburg Prospects (the “Project”) which consists of the acquisition and/or rehabilitation of three vacant and/or abandoned and/or foreclosed properties to be made affordable to individuals or families whose incomes do not exceed 120% of AMI Entity Name: Unified Vailsburg Services Entity Address: 42 Richelieu Terrace, Newark, New Jersey 07106 Grant Amount: $150,000.00 Funding Source: United States Department of Housing and Urban Development Contract Period: November 1, 2012 through August 31, 2013 Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( X ) Grant ( ) Sub-recipient ( ) n/a List of Property: (If applicable) (Address/Block/Lot/Ward) 123-125 Lindsley Avenue/ Block 4067/Lot 38/West Ward 30 Alexander Street/ Block 4057/Lot 19/West Ward 61-63 Brookdale Avenue/Block 4065/Lot 63/West Ward Additional Information: Funds applied for and accepted by Resolution7R3-N (AS) 021611