Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Affordable Housing Agreement to provide HOME program funds to High Street Heights, LLC Purpose: HOME Program funds provided to subsidize the substantial rehabilitation of five (5) of the twelve (12) rental housing units in the project. The units are to be occupied by low and very low income homeless individuals and families with special needs. Entity Name: High Street Heights, LLC Entity Address: 580 Dr. Martin Luther King, Jr. Blvd. Newark, New Jersey 07102 Grant Amount: $500,000.00 Funding Source: HUD, HOME Funding Contract Period: From the date of adoption of this authorizing resolution by the Municipal Council until 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) 577-579 Dr. Martin Luther King, Jr. Blvd. / Block 2507/ Lot 19/Central Ward 581-583 Dr. Martin Luther King, Jr. Blvd./ Block 2507/ Lots 55 -56/ Central Ward Additional Information: