Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Need for Housing Project Purpose: To support the funding under the Low-Income Housing Tax Credit Program through the New Jersey Housing and Mortgage Finance Agency (HMFA) for the Spruce Street Senior Apartments Project for the construction of a fifty (50) unit rental housing project. Entity Name: Spruce Senior Center Urban Renewal Associates, LP Entity Address: 3 East Stow Road, Suite 100, Marlton, New Jersey 08053 Funding Source: New Jersey Housing Mortgage Finance Agency (Low-Income Housing Tax Credit Program) Total Project Cost: $15,816,503.00 City Contribution: Home Funds for $1,556,946.00 authorized through Resolution 7R3-A 020613 Other Funding Source/Amount: Home Funds for $1,556,946.00 authorized through Resolution 7R3-A 020613 List of Properties: (Address/Block/Lot/Ward) 136-146 Spruce Street, /Block 2556/ Lot 61/ Central Ward Additional Information: Resolution 7R3-A 020613 approved Home Fund grant for $ 1,556,946.00.