Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Support grant application
Purpose: Funding to finance the rehabilitation of 268 units of affordable rental housing
Entity Name: Zion Towers Realty, LLC
Entity Address: 691 Elizabeth Avenue, #2, Newark, NJ 07112
Grant Amount: Maximum allowable
Funding Source: New Jersey Housing and Mortgage Finance Agency
City Contribution: N/A
Other Funding Source/Amount: N/A
Contract Period: To be determined for a period not to exceed 12 months
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale (X) Grant ( ) Sub-recipient ( ) n/a
List of Property:
515 Elizabeth Avenue/Block 3637/Lot 106/South Ward
Additional Information: N/A
Deferred 7R3-a(s) 020910