https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8074172&GUID=58C48A5E-024B-4BA7-9414-DE44E5C88D83Legistar15https://newark.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=8074172&GUID=58C48A5E-024B-4BA7-9414-DE44E5C88D8358C48A5E-024B-4BA7-9414-DE44E5C88D83-2026-06-22-13-13-33Title: Dept./ Agency: Economic and Housing Development Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: Resolution of Support Purpose: To provide Municipal Council support, for the submission of an application, for tax credits sought by Developer, under the NJ Aspire Tax Credit Program to the New Jersey Economic Development Authority Entity Name: SWPN Development 1, LLC and Brick Family Village I, LLC Entity Address: 35 Halsey Street, Third Floor, Newark, New Jersey Total Project Cost: $137,665,418.00 City Contribution: $0.00 Other Funding Source/Amount: Traditional debt financing and equity funding Grant Period: Ten (10) years - Tax Credit Period, from 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 137-139 Badger Avenue/Block 2681/Lot 1/South Ward 141-143 Badger Avenue/Block 2681/Lot 3/South WMon, 22 Jun 2026 13:13:33 GMT