Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Support tax credit application Purpose: Low Income Housing Tax Credit Application for development of approximately fifty-one (51) units of affordable rental housing Entity Name: CRP Osbourne, LLC Entity Address: 184 Broadway, Suite 400, New York, NY 10023 Credit Amount: $4,034,519.00 Funding Source: New Jersey Housing Mortgage and Finance Agency/ Low Income Housing Tax Credit Program Total Project Cost: $5,615,677.00 City Contribution: N/A Other Funding Source/Amount: State of New Jersey Weatherization Program $400,000.00 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) 570-580 Clinton Avenue / Block 3026/Lots 5, 7, and 9/ South Additional Information: Project Name: Two Osborne Rehabilitation Project