24-1272
Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Need for Housing Project Purpose: First Amendment to a proposed Project to determine if it will meet(s) an existing housing need within the City of Newark. 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: Resolution 7R2-f, adopted on June 5, 2024, adopted the Original Resolution of Support. This is a First Amendment to a proposed Project, 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.
- Committee
- Economic and Housing Development
- Introduced
- September 16, 2024
- On agenda
- October 2, 2024
- Passed
- October 2, 2024