Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Affordable Housing Agreement
Purpose: Construction of thirty (30) rental units of affordable housing for individuals whose income is within the guidelines set by the New Jersey Low Income Housing Tax Credit Program.
Entity Name: La Plaza, L.P. (formerly known as St. James II Project)
Entity Address: 77 Park Street, Montclair, NJ 07042
Grant Amount: Not provided
Funding Source: New Jersey Housing and Mortgage Finance Agency (NJHMFA)
Total Project Cost: $5,135,991.00
Contract Period: Not provided
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
146-148 Broad Street, Newark, NJ/Block 522/Lot 34.01/NW
142-144 Broad Street, Newark, NJ/Block 522/Lot 34.02/NW
140-142 Broad Street, Newark, NJ/Block 522/Lot 34.03/NW
138-138 Broad Street, Newark, NJ/Block 522/Lot 34.04/NW
132-136 Broad Street, Newark, NJ/Block 522/Lot 34.05/NW
Additional Information: N/A
Invitation: Economic & Housing Development Director, October 19, 2010