Washington - United States Senator Robert Menendez (D-NJ), a member of the Senate Banking, Housing and Urban Affairs Committee, today announced that the Housing Authority of the City of Camden (HACC) will receive $11 million as part of the American Recovery and Reinvestment Act-funded Public Housing Capital Fund (PHCF) grant program. The U.S. Department of Housing and Urban Development's (HUD) PHCF grant program provides housing authorities with the resources to improve housing communities in four separate categories. PHCF Category 1 Funds address the needs of seniors and individuals with disabilities; Category 2 Funds intend to renovate blighted housing communities; Category 3 Funds finance projects stalled due to financial issues; and Category 4 Funds create more energy efficient public housing units.
HACC will receive a $1 million grant in Category 1 funding to improve the Authority-owned Kennedy Towers and expand their assisted living program, and a $10 million grant in Category 3 funding to leverage the additional funding necessary to complete and build an additional 64 housing units on land available at the Authority's Roosevelt Manor site.
"This program is a critical part of our economic recovery, as it creates jobs in the short term and lays the foundation for better, more affordable housing in the long term," said Sen. Menendez. "With this federal investment, the Housing Authority of the City of Camden can better assist the most vulnerable members of the community during trying economic times and create jobs in the process. I am pleased to work with the Housing Authority of the City of Camden to ensure that all of Camden's residents have a place they may proudly call home."
To date, HUD has distributed nearly $4 billion from the Recovery Act to modernize public housing authorities across the nation. The funding announced last week marks the final round of additional PHCF funding from the Recovery Act.
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