Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Resolution of Need for Housing Project
Purpose: To support NJHMFA Low Income Housing Tax Credit Application for the Jelliff Estates housing project proposed by Jelliff Senior Estates Urban Renewal LLC, 195 Lafayette Street, Newark New Jersey 07105 , for construction of 51 rental units of affordable housing on Block 2681, Lots 31,32 and 34.
Entity Name: Jelliff Senior Estates Urban Renewal LLC
Entity Address: 195 Lafayette Street Newark, New Jersey 07105
Funding Source: New Jersey Housing Mortgage Finance Agency Program (Low Income Housing Tax Credit)
Total Project Cost: $11,500,767 (Approximately)
City Contribution: Not yet identified
Other Funding Source/Amount Not yet identified /$
List of Properties:
(Address/Block/Lot/Ward)
220-224 Jelliff Avenue/ Block 2681/Lot 34/South Ward
226-230 Jelliff Avenue/Block 2681/ Lot (s) 31, 32/South Ward
Additional Information:
Per the NJ Business Registration Certificate the Entity's address is listed as
71 Lake Avenue, Colonia, New Jersey 07067
Deferred 7R3-b 100114
body
WHEREAS, Jelliff Senior Estates Urban Renewal LLC, 195 Lafayette Street, Newark New Jersey 07105 (hereinafter referred to as the ("Sponsor") proposes to construct approximately fifty one (51) rental units of affordable housing on a site described as Block 2681, Lot 34 and Block 2681, Lot(s) 31, 32, as shown on the Official Assessment Map of the City of Newark, Essex County, New Jersey and commonly known as, 220-224 Jelliff Avenue, Newark, New Jersey 07108 (South Ward), and 226-230 Jelliff Avenue, Newark, New Jersey 07108 (South Ward) for a project known as Jelliff Estates (hereinafter referred to as the "Project"), to be occupied by individuals whose income is within guidelines set by the New Jersey Low Income Housing T...
Click here for full text