24-0794
Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Need for Housing Project Purpose: To determine whether the proposed Project will meet(s) an existing housing need within the City of Newark, pursuant to the provisions of the New Jersey Housing and Mortgage Finance Agency Law of 1983, as amended (N.J.S.A. 55:14K-1 et seq.), the rules promulgated thereunder at N.J.A.C. 5:80-1 et seq., and all applicable guidelines. Entity Name: 10 Park Place Newark, LLC Entity Address: 50 Park Place, Newark, New Jersey 07102 Funding Source: New Jersey Housing Mortgage Finance Agency Program (Low-Income Housing Tax Credit) Total Project Cost: $147,303,034.00 City Contribution: $0.00 Other Funding Source/Amount: $0.00 List of Properties: (Address/Block/Lot/Ward) 8-12 Park Place/Block 17/Lot 7/Central Ward 6 Park Place/Block 17/Lot 9/Central Ward 2-4 Park Place/Block 17/Lot 10/Central Ward Additional Information:
- Committee
- Economic and Housing Development
- Introduced
- May 21, 2024
- On agenda
- June 5, 2024
- Passed
- June 5, 2024
Where it was heard
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