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 892 South 20th St. (the “Project”) which consists of the acquisition and/or rehabilitation of a single vacant and/or abandoned and/or foreclosed property, to be made affordable to individuals or families whose incomes do not exceed 120% of AMI Entity Name: Housing and Neighborhood Development Services, Inc. Entity Address: 15 South Essex Ave, Orange, New Jersey 07050 Grant Amount: $100,000.00 Funding Source: U.S. 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:) (Address/Block/Lot/Ward) 892 South 20th Street /Block 3015/Lot 3/South Ward Additional Information: Funds applied for and accepted by Resolution 7R3N (AS )021611