Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Support Grant Application Purpose: CHOICE funds to support the development of 24 housing units for sale to be sold at subsidized market rate (emerging market) Entity Name: The Mid-Atlantic Investment Alliance, LLC Entity Address: 11 Florence Place, West Orange, New Jersey 07052 Grant Amount: $1,200,000.00 Funding Source: CHOICE Funds Total Project Cost: $5,076, 000.00 City Contribution: N/A Other Funding Source/Amount: N/A Contract Period: N/A Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( x ) n/a List of Property: (if applicable) (Address/Block/Lot/Ward) Address Block Lot Ward 31 Brunswick Street 2826 37 East Ward 33 Brunswick Street 2826 38 East Ward 27 Brunswick Street 2826 35 East Ward 90-96 Clinton Avenue 2826 3 East Ward 29 Brunswick Street 2826 36 East Ward Additional Information: Project name is -Lofts at Lincoln Park Project