Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Application for Long-Term Tax Abatement Purpose: Cancel current tax abatement Granted to of JPA Development Association and approve acquisition and a new tax abatement for RNJ Court Street, LLC on the 221 unit low-income senior housing project. Entity Name: RNJ Court Street, LLC Entity Address: 551 Fifth Avenue, 23rd Floor, New York, New York 10176 Abatement Period: Thirty (30) years Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a List of Property: (Address/Block/Lot/Ward) 961-985 Broad Street, Block 111, Lot 75, East Ward Additional Information: Original tax abatement granted by Resolution 7RA 022674 )