Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Support tax credit application
Purpose: Low Income Housing Tax Credit Application for development of approximately fifty-one (51) units of affordable rental housing
Entity Name: CRP Osbourne, LLC
Entity Address: 184 Broadway, Suite 400, New York, NY 10023
Credit Amount: $4,034,519.00
Funding Source: New Jersey Housing Mortgage and Finance Agency/ Low Income Housing Tax Credit Program
Total Project Cost: $5,615,677.00
City Contribution: N/A
Other Funding Source/Amount: State of New Jersey Weatherization Program $400,000.00
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)
570-580 Clinton Avenue / Block 3026/Lots 5, 7, and 9/ South
Additional Information: Project Name: Two Osborne Rehabilitation Project