Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Application for Long-Term Tax Abatement Purpose: Authorize execution of 30 year FMHA tax abatement with St. Clare Homes Property, Inc. Entity Name: St. Clare Homes Property, Inc. Entity Address: 77 Academy Street, Newark, NJ 07102 Abatement Period: Term of thirty (30) years) 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: (Address/Block/Lot/Ward) 176-178 Roseville Avenue and 180-182 Roseville Avenue/Block 1919/Lots 16 and 18 Additional Information: N/A Deferred 7R3-d 112211 Invitation: Economic & Housing Development Director, December 6, 2011