Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Affordable Housing Agreement Purpose: Construction of affordable rental housing project (5-story 70 unit residential housing project restricted and affordable to senior citizens) Entity Name: Springfield Village Senior Residences, L.P. Entity Address: 77 Park Street, Montclair, NJ 07042 Contract Amount: $1,000,000.00 (20 yr. Mortgage Note) Funding Source: City of Newark Budget (U.S. Department of Housing and Urban Development /Federal HOME Program Funds) Total Project Cost: Information not provided Other Funding Source/Amount: New Jersey Housing and Mortgage Finance Agency (HMFA) Contract Period: Twenty Four (24) months from agreement execution Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant (X) Sub-recipient ( ) n/a List of Property: (Address/Block/Lot/Ward) 313-329 Fifteenth Avenue/ 253/ 1, 2, 3, 4, 5, 6, 7, 9 and 10/CW 253-259 Bruce Street/ 253, 12, 14, 16, 18/CW Additional Information: N/A