Menendez, Booker Announce $15M in Federal Investments to Create Affordable Housing, Revitalize Communities Throughout NJ

Menendez, Booker Announce $15M in Federal Investments to Create Affordable Housing, Revitalize Communities Throughout NJ

 

NEWARK, N.J. – U.S. Senators Bob Menendez and Cory Booker announced today the awarding of a combined $14,990,944 in federal funding from the U.S. Department of Housing and Urban Development’s (HUD) Office of Community Planning and Development (CPD) to support the revitalization of communities across New Jersey.

“Although this administration fails to realize the importance of investing in housing and community development programs, I will continue to fight for this critical funding to ensure communities across New Jersey can expand economic opportunities for their residents,” said Sen. Menendez. “Investing in our communities spurs economic development, job opportunities and safe and affordable housing, which can help families overcome challenges and fulfill their potential.”

“During my time as a housing advocate and later as the Mayor of Newark, I saw firsthand the challenges that families face when trying to find a decent place to live, and how access to safe and affordable housing can transform people’s lives,” said Sen. Booker. “Helping lift up our most vulnerable families and creating opportunities through federal investments like these are key to strengthening our neighborhoods and creating long-lasting change for all New Jerseyans.”

President Trump’s 2020 HUD budget proposal includes the elimination of the CDBG and HOME programs.

The funding announced today comes from four grants designed to redevelop struggling neighborhoods, and expand access to affordable housing, services for low-income families, and homelessness prevention programs. They are: The Community Development Block (CDBG) Grant, the Emergency Solutions Grant (ESG), the HOME Investment Partnership (HOME) and the Housing Opportunities for Persons with AIDS (HOPWA) program.

CBDG:

Camden

$2,386,564

Monmouth County

$2,223,464

Morris County

$1,938,271

Elizabeth

$1,574,365

Long Branch

$456,968

Asbury Park

$386,843

Middletown

$266,423

Parsippany-Troy Hills

$223,600

ESG:

Monmouth County

$207,750

Camden

$206,373

Morris County

$164,010

Elizabeth

$150,884

HOME:

Monmouth County

$1,407,272

Camden

$857,485

Morris County

$762,900

Elizabeth

$731,746

HOPWA:

Camden

$1,046,026

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