Title
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Affordable Housing Agreement
Purpose: The acquisition of two (2) family homes totaling four units to be rented to Very-Low Income youth with disabilities and special needs known as the Shiimiti Apartment Project
Entity Name: Reform Church of Highland Park Affordable Housing Corporation
Entity Address: 19-21 South 2nd Avenue, Highland Park, NJ 08904
Grant Amount: $150,000.00
Funding Source: United States Department of Housing and Urban Development (HUD, HOME Funding Program)
Contract Period: Twelve (12) months after the execution of the 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
585 Hawthorne Avenue/3081/15/South
134 Brill Street/2484/56/East
Additional Information: The HOME assisted units must remain affordable for a period of twenty (20) years.