Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Affordable Housing Grant Agreement
Purpose: Fairmount Heights Choice Project for the development of 18 single family homes for sale to low/moderate income persons.
Entity Name: Fairmount Heights Development of Company, LLC.
Entity Address: 550 Broad Street, Suite 810, Newark, NJ 07102
Grant Amount: $1,800,000.00
Funding Source: New Jersey Housing and Mortgage Finance Agency's Choices in Home Ownership Incentives Created for Everyone
Total Project Cost: $4,183,018.00
City Contribution: No municipal funds required
Other Funding Source/Amount: N/A
Contract Period: N/A
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:
Address/Block/Lot/Ward
101 South 9th Street/Block 1827/Lot 12/West
105 South 9th Street/Block 1827/Lot 14/West
111 South 9th Street/Block 1827/Lot 17/West
113 South 9th Street/Block 1827/Lot 18/West
117 South 9th Street/Block 1827/Lot 65/West
119 South 9th Street/Block 1827/Lot 21/West
121 South 9th Street/Block 1827/Lot 22/West
123 South 9th Street/Block 1827/Lot 23/West
127 South 9th Street/Block 1827/Lot 25/West
129 South 9th Street/Block 1826/Lot 26/West
131 South 9th Street/Block 1827/Lot 27/West
133 South 9th Street/Block 1826/Lot 28/West
135 South 9th Street/Block 1827/Lot 29/West
166 South 9th Street/Block 1827/Lot 40/West
177 South 9th Street/Block 1814/Lot 2/West
179 South 9th Street/Block 1814/Lot 3/West
181 South 9th Street/Block 1814/Lot 4/West
196 South 9th Street/Block 1813/Lot 55/West
Additional Information:
Resolution# 7R3-a 030508 / as amended