https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8070486&GUID=11712460-B8FC-4A52-9F4A-972A0A3A258DLegistar15https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8070486&GUID=11712460-B8FC-4A52-9F4A-972A0A3A258D11712460-B8FC-4A52-9F4A-972A0A3A258D-2026-06-12-18-43-40Title: Dept/ Agency: Economic Housing and Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Approving HMFA Financial Agreement Project Information: RESOLUTION OF THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK GRANTING A THIRTY (30) YEAR TAX ABATEMENT PURSUANT TO THE NEW JERSEY HOUSING AND MORTGAGE FINANCE AGENCY LAW OF 1983, AS AMENDED AND SUPPLEMENTED, N.J.S.A. 55:14K-1 ET SEQ. TO NEW EDEN FAITH PARTNERS LLC, 1212 SPRINGFIELD AVENUE, IRVINGTON, NEW JERSEY 07111, FOR A PROJECT TO CONSTRUCT A NEW 100% AFFORDABLE MULTI-FAMILY APARTMENT COMMUNITY WITH FORTY-THREE (43) APARTMENTS IN A 5-STORY, ELEVATOR BUILDING, CONSISTING OF FOUR (4) ONE-BEDROOM UNITS, TWENTY-EIGHT (28) TWO-BEDROOM UNITS AND ELEVEN (11) THREE-BEDROOM UNITS, OF WHICH ONE (1) ONE-BEDROOM UNIT, TWO (2) TWO-BEDROOM UNITS, AND TWO (2) THREE-BEDROOM UNITS SHALL BE SET ASIDE FOR INDIVIDUALS WITH SPECIAL NEEDS AND RESTRICTED TO TENANTS AT OR BELOW 20% OF THE AREA MEDIAN INCOME (“AMI”), AND THREE (3) ONE-BEDROOM UNITS, TWENTY-SIX (26) TWO-BEDROOM UNITS, AND NINE (9) THREE-BEDROOM UNITS SHALL BE RESTRIFri, 12 Jun 2026 18:43:40 GMT