Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Loan Agreement Purpose: Construction of twenty four Emerging Market Condominium units Entity Name: Mid-Atlantic Investment Alliance, LLC Entity Address: 11 Florence Place, West Orange, New Jersey 07052 Grant Amount: $300,000.00 Funding Source: Newark Economic Development Corporation Contract Period: April 1, 2012 through December 31, 2014 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) 31 Brunswick Street (aka Block 2826, Lot 37), East Ward 33 Brunswick Street, (aka Block 2826, Lot 38), East Ward 27 Brunswick Street (aka Block 2826, Lot 35), East Ward 90-96 Clinton Avenue (aka Block 2826, Lot 3), East Ward 29 Brunswick Street (aka Block 2826, Lot 36), East Ward N/A