Dept./ Agency: Economic and Housing Development Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: Resolution of Support Purpose: To provide Municipal Council support for the submission of an application by Developer to the New Jersey Department of Community Affairs, New Jersey Affordable Housing Trust Funds Entity Name: South Seventh Development, LLC Entity Address: 17 Academy Street, Suite 301, Newark, New Jersey 07102 Grant Amount: $0 Total Project Cost: $3,472,942.00 City Contribution: $0.00 Other Funding Source/Amount: Grant Period: Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale () Grant ( ) Sub-recipient (X) n/a List of Property (Address/Block/Lot/Ward 449-451 South 7th Street/Block 303/Lot 17/Central Ward 447 South 7th Street/Block 303/Lot 16/Central Ward Additional Information: