Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Application for Long-Term Tax Abatement
Purpose: Acquisition of affordable housing project known as Roseville Manor Phase II
Entity Name: St. Clare Homes Property, Inc.
Entity Address: 77 Academy Street, Newark, New Jersey 07102
Abatement Period: 30 years
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a
List of Property:
(Address/Block/Lot/Ward)
Block 638, Lot 1.18, 652 Third Street, North Ward
Block 638, Lot 1.17, 654-656 Third Street, North Ward
Block 638, Lot 1.16, 658 Third Street, North Ward
Block 638, Lot 1.24, 641 Fourth Street, North Ward
Block 638, Lot 1.25, 643-645 Fourth Street, North Ward
Additional Information:
)
body
WHEREAS, as authorized under the New Jersey Housing and Mortgage Finance Agency Law of 1983, as amended and supplemented, N.J.S.A. 55:14K-1 et seq. (the “HMFA Law”), Saint Clare Homes Property, Inc., 77 Academy Street, Newark, New Jersey 07102 (the “Entity”) submitted an application for the approval of a plan for the acquisition of a residential affordable housing project known as Roseville Manor Phase II located on the following properties in the North Ward:
Block 638, Lot 1.18 652 Third Street, Newark, New Jersey
Block 638, Lot 1.17 654-656 Third Street, Newark, New Jersey
Block 638, Lot 1.16 658 Third Street, Newark, New Jersey
Block 638, Lot 1.24 641 Fourth Street, Newark, New Jersey
Block 638, Lot 1.25 643-645 Fourth Street, Newark, New Jersey
(collectively referred to herein as the “Property”); and
WHEREAS, the housing project consists of fifteen (15) residential affordable housing units which are currently receiving five (5...
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