Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing () Amending Type of Service: Need for Housing Project Purpose: Resolution supporting application of 101 14th Avenue, L.L.C, for funding under the Low Income Housing Tax Credit Program through the New Jersey Housing and Mortgage Finance Agency for a twenty-four (24) unit rental housing project known as “A Better Life” Entity Name: 101 14th Avenue, L.L.C Entity Address: 233 West Market Street, Newark, New Jersey 07103 Funding Source: New Jersey Housing Mortgage Finance Agency Program Low Income Housing Tax Credit Program Total Project Cost: $8,609,053.00 City Contribution: N/A Other Funding Source/Amount: HOME Program/$750,000.00 List of Properties: (Address/Block/Lot/Ward) 93-101 Fourteenth Avenue, Newark, New Jersey 07103 /Block 274/ Lot 2/West Ward Additional Information: