Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing () Amending
Type of Service: Need for Housing Project
Purpose: Resolution supporting Sponsor’s application for funding a project known as The Residences at Symphony Hall Project through the New Jersey Housing Mortgage Finance Agency Low Income Housing Tax Credit Program.
Entity Name: SH Residences, LP
Entity Address: 725 Cuthbert Boulevard, Cherry Hill, New Jersey 08002
Funding Source: New Jersey Housing Mortgage Finance Agency Program (Low Income Housing Tax Credit)
Total Project Cost: $15,350,452.00
City Contribution: N/A
Other Funding Source/Amount: /$ N/A
List of Properties:
(Address/Block/Lot/Ward)
· 10 Crawford Street/ /Block 116/ Lot 46/ Central Ward
· 12 Crawford Street/ /Block 116/ Lot 47/ Central Ward
· 14 Crawford Street/ /Block 116/ Lot 48/ Central Ward
· 16-20 Crawford Street/ Block 116/ Lot 49/ Central Ward
· 401-407 Halsey Street/ /Block 116/ Lot 34/ Central Ward
· 395 Halsey Street/ /Block 116/ Lot 30/ Central Ward
· 397 Halsey Street/ /Block 116/ Lot 31/Central Ward
· 399 Halsey Street/ Block 116/ Lot 32/Central Ward
· 24 West Kinney Place/ /Block 116/ Lot 3/ Central Ward
· 22 West Kinney Place/ /Block 116/ Lot 5/ Central Ward
· 18-20 West Kinney Place/ /Block 116/ Lot 7/ Central Ward)
· 16 West Kinney Place/ /Block 116/ Lot 9/ Central Ward
as shown on the Official Assessment Map of the City of Newark, Essex County, to be sub-divided at a later date.
Additional Information:
N/A
body
WHEREAS, SH Residences, LP,725 Cuthbert Boulevard, Cherry Hill, New Jersey 08002 (hereinafter referred to as the “Sponsor”) proposes to construct approximately 60 affordable housing units within the rental housing project known as The Residences at Symphony Hall (hereinafter referred to as the “Project”), pursuant to th...
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