Dept./Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Grant Agreement Purpose: To provide gap financing for the construction of a three-family residential dwelling consisting of three (3) deed-restricted affordable housing units pursuant to the City of Newark Affordable Housing Trust Fund Entity Name: 229 South 11th LLC Entity Address: 59 Lincoln Park, Suite 375, Newark, New Jersey 07107 Grant Amount: $300,000.00 Funding Source: City of Newark Affordable Housing Trust Fund Total Project Cost: $1,012,828.43 City Contribution: $300,000.00 Other Funding Source/Amount: Personal Equity; New Jersey Community Capital Grant Period: Commencing upon the Effective Date, as defined in the Grant Agreement, and expiring upon the sale and transfer of the Project and Home to the Purchaser and the funding of the Grant Funds 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) 229 South 11th Street, Block 1815, Lot 11 (West Ward) Additional Information:

What this record is

Held by

229 South 11th LLC 2 records across this site

Amount

$1.01M

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.

229 South 11th LLC also holds

Dept./ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing (X) Amending Type of Service: Private Sale/Redevelopment Purpose… $33K Newark, NJ

Committee

Economic and Housing Development

Introduced

February 27, 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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