Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: First Affordable Housing Agreement with La Plaza Urban Renewal Associates L.P. Purpose: HOME Program funds provided to subsidize the rehabilitation costs of eleven (11) rental units within the 30 unit project. The units will be occupied by very low income households Entity Name: La Plaza Urban Renewal Associates, L.P. Entity Address: 77 Park Street, Montclair, New Jersey 07042 Grant Amount: $372,000.00 Funding Source: HUD HOME Funding Contract Period: From the date of adoption 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) 132-136 Broad Street, Block 522, Lot 34.05, North Ward 138-138 ½ Broad Street, Block 522, Lot 34.04, North Ward 140-142 Broad Street, Block 522, Lot 34.03, North Ward 142 ½ -144 Broad Street, Block 522, Lot 34.02, North Ward 146-148 Broad Street, Block 522, Lot 34.01, North Ward Additional Information: N/A