Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Support grant application
Purpose: CHOICE funds to support the development of 22 housing units for sale to be sold at subsidized market rate (emerging market).
Entity Name: Roseville Homes, LLC
Entity Address: 35-37 Halleck Street, Newark, N.J. 07104
Grant Amount: $1,100,000.00
Funding Source: CHOICE Funds
Total Project Cost: $4,731,200.00
City Contribution: N/A
Other Funding Source/Amount: HMFA/$1,506,130.00
Contract Period: N/A
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: (if applicable)
(Address/Block/Lot/Ward)
STREET ADDRESS BLOCK LOT Ward
64 5th Street 1875 9.07 West
66 5th Street 1875 9.06 West
68 5th Street 1875 9.05 West
70 5th Street 1875 9.04 West
47 N. 6th Street 1875 30 West
95 N. 6th Street 1887 54.04 West
97 N. 6th Street 1887 54.05 West
99 N. 6th Street 1887 54.06 West
101-103 N. 6th Street 1887 54.07 West
352 Sussex Ave. 1874 22.04 West
354 Sussex Ave 1874 22.05 West
356 Sussex Ave. 1874 22.06 West
358 Sussex Ave. 1874 22.07 West
360 Sussex Ave. 1874 22.08 West
362 Sussex Ave. 1874 22.09 West
364 Sussex Ave. 1874 22.10 West
366 Sussex Ave. 1874 22.11 West
21 N. 7th Street 1874 42 West
23 N. 7th Street 1874 41 West
33 N. 7th Street 1874 36 West
45 N. 7th Street 1874 22.12 West
72-74 N. 7th Street 1889 27 West
Additional Information:
Invitation: Economic & Housing Director, May 15, 2012
body
WHEREAS, the City of Newark desires to support the development of 22 units of housing as outlined in Exhib...
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