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: Pacific Apartments Ventures, LLC Entity Address: c/o Millbrook Realty Group, LLC, 546 Fifth Avenue, 6th Floor, New York, New York 10036 Funding Source: New Jersey Housing Mortgage Finance Agency Program (Low-Income Housing Tax Credit) Total Project Cost: $35,471,007.00 City Contribution: $0.00 Other Funding Source/Amount: $0.00 List of Properties: (Address/Block/Lot/Ward) 164-184 Pennington Street/Block 932/Lot 1/East Ward Additional Information:

Committee

Economic and Housing Development

Introduced

September 22, 2026

On agenda

September 23, 2026

Passed

September 23, 2026

Where it was heard

Municipal Council Sep 23, 2026 Adopt Pass

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