Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing (X) Amending
Type of Service: Resolution of need for Housing Project
Purpose: To support NJHMFA Low Income Tax Application for the Riverside Arms Apartments housing project proposed by Riverside Arms Urban Renewal, LLP, 71 Lake Avenue, Colonia, New Jersey 07067, for construction of 128 rental units of affordable housing. On Block 617, Lots 1.01 through 1.25.
Entity Name: Riverside Arms Urban Renewal, LLP
Entity Address: 71 Lake Avenue, Colonia, New Jersey 07067
Funding Source: New Jersey Housing Mortgage Finance Agency Program (Low Income Housing Tax Credit)
Total Project Cost: $ ?
City Contribution: Not Known at this time
Other Funding Source/Amount: CDBG Disaster Recovery/$ 4,200,000.00
List of Properties:
(Address/Block/Lot/Ward)
14-16 Chester Avenue/Block 617/Lot 1.01 (North Ward)
2 Jules Place/Block 617/Lot 1.02 (North Ward)
4 Jules Place/Block 617/Lot 1.03 (North Ward)
6 Jules Place/Block 617/Lot 1.04 (North Ward)
8 Jules Place/Block 617/Lot 1.05 (North Ward)
10 Jules Place/Block 617/Lot 1.06 (North Ward)
12 Jules Place/Block 617/Lot 1.07 (North Ward)
14 Jules Place/Block 617/Lot 1.08 (North Ward)
13 Jules Place/Block 617/Lot 1.09 (North Ward)
11 Jules Place/Block 617/Lot 1.10 (North Ward)
9 Jules Place/Block 617/Lot 1.11 (North Ward)
7 Jules Place/Block 617/Lot 1.12 (North Ward)
5 Jules Place/Block 617/Lot 1.13 (North Ward)
3 Jules Place/Block 617/Lot 1.14 (North Ward)
1 Jules Place/Block 617/Lot 1.15 (North Ward)
93-95 Herbert Place/Block 617/Lot 1.16 (North Ward)
89-91 Herbert Place/Block 617/Lot 1.17 (North Ward)
87 Herbert Place/Block 617/Lot 1.18 (North Ward)
83-85 Herbert Place/Block 617/Lot 1.19 (North Ward)
81Herbert Place/Blo...
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