Resolution16-1063
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing (X) Amending
Type of Service: Resolution of Need for Housing Project
Purpose: To support NJHMFA Low Income Housing Tax Credit Application for funding projects known as “Center City Housing 3,” (57 Units); “Pueblo City Housing,” (80 Units); “Aspen Stratford,” (75 Units); and “Johnson Apartments A,” (72 Units) through the Low Income Housing Tax Credit Program.
Entity Name: NAP Housing Partners, LP
Entity Address: 1700 7th Avenue, Suite 2000, Seattle, Washington 98101
Funding Source: New Jersey Housing Mortgage Finance Agency Program (Low Income Housing Tax Credit)
Total Project Cost: $52,267,697.00
City Contribution: N/A
Other Funding Source/Amount:
List of Properties:
(Address/Block/Lot/Ward)
1. Center City Housing 3- 12 & 17-19 Pennsylvania Avenue; 11 Thomas Street; 37 Brunswick Street- Block 2826, Lot 28, Block 2824, Lot 40, Block 2826, Lot 40, Block 2820, Lot 16 (East Ward)
2. Pueblo City Housing- 20-22, 24-28, 30, 46-52, 68-70 Astor Street and 86 Brunswick Street-
Block 2803, Lot 1, Block 2808, Lot 14, Block 2808, Lot 21, Block 2811, Lot 1 (South Ward/East Ward)
3. Aspen Stratford - 2 and 18 Stratford Place- Block 2668, Lot 1, Block 2668, Lot 9
(South Ward)
4. Johnson Apartments A- 23, 25, 27A, 27B, 27C, 27D, 27E, 27F, 27G, 29A, 29B, 29C, 29D, 31A, 31B, 31C, 31D, 33A, 33B, 33C, 33D, and 33E Johnson Avenue and 64A, 64B, 66A, 66B, 68A, 68B, 70A, 70B, 72A, 72B Hillside Avenue- Block 2669, Lot 14, Block 2674, Lot 56, Block 2674, Lot 1 (South Ward)
Additional Information:
Introduced Jun 20, 2016· Economic and Housing Development