Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Affordable Housing Agreement for Jennie's Place Project
Purpose: The acquisition and rehabilitation of one-three family home totaling three (3) units of permanent, affordable, supportive housing to be rented to very low income households with special needs.
Entity Name: New Jersey Association on Correction
Entity Address: 986 South Broad Street, Trenton, NJ 08601
Contract Amount: $100,000.00 (In form of a mortgage note for a period of twenty (20) years)
Funding Source: United States Department of Housing and Urban Development (HUD)/Home Funding Program
Contract Period: The project shall be completed within twelve (12) months following the execution of Agreement.
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
30 Hunter Street/Block 2776/Lot 21-07/SW
Additional Information: N/A