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Resolution13-1587

Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Need for Housing Project Purpose: Resolution supporting the application of Four Corners Millennium Project Urban Renewal Entity, LLC, for funding of Component 1 of a project to construct 705 rental units of affordable housing known as Four Corners Millennium Project through the New Jersey Housing Mortgage Finance Agency Low Income Housing Tax Credit Program. Entity Name: Four Corners Millennium Project Urban Renewal Entity, LLC or an affiliate Entity Address: 89 Market Street, 8th Floor, Newark, New Jersey 07102 Funding Source: New Jersey Housing Mortgage Finance Agency Program (Low Income Housing Tax Credit) Total Project Cost: $199,008,684.00 (Approximately) City Contribution: N/A Other Funding Source/Amount: N/A /$ List of Properties: (Address/Block/Lot/Ward) 12 Beaver Street/ Block 146/ Lot 55/Central Ward 193-195 Market Street /Block 146/ Lot 38/Central Ward 197 Market Street /Block 146/ Lot 37/ Central Ward 199-201 Market Street /Block 146/ Lot 35 /Central Ward 241-251 Washington Street /Block 72/ Lot 1/Central Ward 101-103 Market Street/ Block 72/ Lot 4 /Central Ward 97-99 Market Street/ Block 72/Lot 5/Central Ward 93-95 Market Street /Block 72/ Lot 6 /Central Ward 233-237 Washington Street/ Block 72/Lot 45 /Central Ward, 239 Washington Street /Block 72/ Lot 47/Central Ward Additional Information: N/A No Action Taken 7R3-f 102313

Introduced Aug 6, 2013· Economic and Housing Development
Filed
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