25-1664
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: Ivy Hill Park Section I, LLC; Ivy Hill Park Section II, LLC; Ivy Hill Park Section III, LLC; Ivy Park Section IV, LLC and Ivy Hill Park Section V, LLC Entity Address: 5 Manor Drive, Newark, New Jersey 07106 Funding Source: New Jersey Housing Mortgage Finance Agency Program (Low Income Housing Tax Credit) Total Project Cost: $ 220,523,625.00 City Contribution: N/A Other Funding Source/Amount: $0.00 List of Properties: (Address/Block/Lot/Ward) 238-254 Mount Vernon Place/Block 4274/Lot 1.01/West Ward 63-97 Manor Drive/Block 4274/Lot 7/West Ward 31-61 Manor Drive/Block 4274/Lot 8/ West Ward 212-236 Mount Vernon Place/Block 4274/Lot 9/West Ward Additional Information:
- Committee
- Economic and Housing Development
- Introduced
- December 12, 2025
- On agenda
- December 17, 2025
- Passed
- December 17, 2025
Where it was heard
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