Title
Added Starter 7R3-n (as) 021611
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Application/Acceptance of Grant Funds
Purpose: NSP3 will provide funds to municipalities to acquire and redevelop foreclosed or abandoned properties.
Entity Name: City of Newark
Entity Address: 920 Broad Street, Newark, NJ 07102
Grant Amount: $2,018,637.00
Funding Source: United States Department of Housing and Urban Development (HUD)
Total Project Cost: $2,018,637.00
City Contribution: No municipal funds required.
Other Funding Source/Amount: N/A
Contract Period: Period not to exceed three (3) years commencing from the date of contract execution by HUD.
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:
Neighborhood/Ward
Clinton Hill/South
Lower Roseville/North
Broadway/North
Ironbound/East
Fairmount/West
Vailsburg/West
Lincoln Park/Central
West Side Park/Central
Additional Information: N/A