Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Need for Housing Project Purpose: To determine whether the proposed Project will meet(s) an existing housing need within the City of Newark, pursuant to the provisions of the New Jersey Housing and Mortgage Finance Agency Law of 1983, as amended (N.J.S.A. 55:14K-1 et seq.), the rules promulgated thereunder at N.J.A.C. 5:80-1 et seq., and all applicable guidelines. Entity Name: New Eden Faith Partners, L.L.C. Entity Address: 1212 Springfield Avenue, Irvington, New Jersey 07111 Funding Source: New Jersey Housing Mortgage Finance Agency Program (Low-Income Housing Tax Credit) Total Project Cost: $147,303,034.00 City Contribution: N$0.00 Other Funding Source/Amount: $0.00 List of Properties: (Address/Block/Lot/Ward) 690-700 South 12th Street/Block 2618/Lot 45/South Ward 682-688 South 12th Street/Block 2618/Lot 53/South Ward Additional Information: