Dept/ Agency: Economic & Housing Development Action: ( X ) Ratifying (X) Authorizing ( ) Amending Type of Service: Affordable Housing Agreement to provide HOME program funds to Community Asset Preservation Corporation Purpose: HOME program funds provided to subsidize the substantial rehabilitation costs of five (5) properties totaling eleven (11) units to be sold and occupied by low income households. Entity Name: Community Asset Preservation Corporation Entity Address: 59 Lincoln Park, Newark, New Jersey 07102 Grant Amount: $550,000.00 Funding Source: HUD, HOME Funding Contract Period: February 1, 2012 through March 30, 2014 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) 439 South 15th Street /Block 328/ Lot 5/Central Ward 54 Blum Street /Block 306/ Lot 24/Central Ward 52 Blum Street /Block 306/ Lot 23/Central Ward 32 Salem Street /Block 4114/ Lot 21/West Ward 18 Salem Street /Block 4114/ Lot 14/West Ward Additional Information: N/A