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 I
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 ( x ) n/a
List of Property:
(Address/Block/Lot/Ward)
Block 1862, Lot14.02, 139 South 15th Street, West Ward
Block 2852, Lot 27.01, 35 Newark Street, Central Ward
Block 2852, Lot 27.03, 39 Newark Street, Central Ward
Block 638, Lot 1.14, 664 3rd Street, North Ward
Block 638, Lot 1.13, 666-668 3rd 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 I located on the following properties:
Block 1862, Lot 14.02 139 South 15th Street, Newark, New Jersey (West Ward)
Block 2852, Lot 27.01 35 Newark Street, Newark, New Jersey (Central Ward)
Block 2852, Lot 27.03 39 Newark Street, Newark, New Jersey (Central Ward)
Block 638, Lot 1.14 664 3rd Street, Newark, New Jersey (North Ward)
Block 638, Lot 1.13 666-668 3rd Street, Newark, New Jersey (North Ward)
(collectively referred to herein as the “Property”); and
WHEREAS, the housing project consists of fifteen (15) residential affordable...
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