24-0468
Dept./ Agency: Economic and Housing Development Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: Resolution of Support Purpose: To provide for the submission of an application for tax credits sought by Developer under the NJ Aspire Tax Credit Program to the New Jersey Economic Development Authority. Entity Name: South Ward Alliance, a NJ Non-profit Corporation Entity Address: 59 Lincoln Park, Newark, New Jersey 07102 Grant Amount: $0.00 Total Project Cost: $46,000,000.00 City Contribution: $0.00 Other Funding Source/Amount: Traditional debt financing and equity funding Grant Period: 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 479-481 Clinton Avenue/Block 2685/Lot 30/Additional Lot 31/South Ward 483 Clinton Avenue/Block 2685/Lot 32/South Ward 485 Clinton Avenue/Block 2685/Lot 33/South Ward 652 Bergen Street/Block 2685/Lot 34/South Ward 648-650 Bergen Street/Block 2685/Lot 35/South Ward Additional Information:
- Committee
- Economic and Housing Development
- Introduced
- March 25, 2024
- On agenda
- May 22, 2024
- Passed
- May 22, 2024