https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=7998192&GUID=32C3A10A-4F48-4D4F-9B4B-637E9CC57F36Legistar15https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=7998192&GUID=32C3A10A-4F48-4D4F-9B4B-637E9CC57F3632C3A10A-4F48-4D4F-9B4B-637E9CC57F36-2026-05-01-15-43-46Title: Dept/ Agency: Economic and Housing Development Action: (X ) Ratifying (X) Authorizing (X) Amending Type of Service: Resolution of Support Purpose: To provide support for the submission of an application for tax credits sought by Developer under the Aspire Tax Credit Program to the New Jersey Economic Development Authority Entity Name: KS Nova Towers Urban Renewal LLC Entity Address: 60 Park Place, Floor 20, Newark. New Jersey 07102 Grant Amount: Not Applicable Total Project Cost: $324,110,150.00 City Contribution: $0.00 Other Funding Source/Amount: Traditional debt financing and equity funding Grant Period: Ten (10) years tax credit period, from the project completion date Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient (X) n/a List of Property: (Address/Block/Lot/Ward) 32-34 William Street/Block 94/Lot 1 (Central Ward) 26-30 William Street/Block 94/Lot 3 (Central Ward) 16-24 William Street/Block 94/Fri, 01 May 2026 15:43:46 GMT