Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Execute Affordable Housing Agreement for HOME funds. Purpose: To authorize the execution of a HOME Affordable Housing Agreement with TMA General Contracting LLC to develop and construct a new three-family home consisting of one (1) two-bedroom unit and two (2) three-bedroom units (3) HOME designated and subsidized units upon the property located at 43 Jacob Street (Block 303; Lot 1) (Central Ward) of the Tax Map of the City of Newark, County of Essex, State of New Jersey Entity Name: TMA General Contracting LLC Entity Address: 17 Academy Street, Suite 301, Newark, New Jersey 07102 Grant Amount: $85,000.00 Funding Source: Federal HOME Program Funds Contract Period: HOME Program Funds must be expended within forty-eight (48) months from the date of adoption. Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale (X) Grant ( ) Sub-recipient ( ) n/a List of Property: (Address/Block/Lot/Ward) 43 Jacob Street (Block 303; Lot 1) (Central Ward) of the Tax Map of the City of Newark, County of Essex, State of New Jersey Additional Information:

What this record is

Held by

TMA General Contracting LLC

Amount

$85K

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

amendment

Field

Construction

construction contracts in NJ that end within a year →
Governments publish the end date in the award. That date is when the work goes back out to bid, and it is usually stated years ahead.

Read automatically from the title of the official record. The source document below is authoritative.

Committee

Economic and Housing Development

Introduced

February 19, 2026

On agenda

April 1, 2026

Passed

April 1, 2026

Where it was heard

Municipal Council Apr 1, 2026 Adopt Pass

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