Menendez, Booker Announce $1.8M in Federal Funding to Revitalize New Jersey Communities, Increase Housing Options

Menendez, Booker Announce $1.8M in Federal Funding to Revitalize New Jersey Communities, Increase Housing Options

   

NEWARK, N.J. – U.S. Senators Bob Menendez and Cory Booker today announced the awarding of a combined $1,829,264 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, ranking member of the Senate Banking Subcommittee on Housing, Transportation, and Community Development. “Investing in our communities spurs economic development, job opportunities and safe and affordable housing, which can help families overcome challenges and fulfill their potential.”

“Economic development for New Jersey’s neighborhoods means expanding access to affordable housing and providing services to low-income families all help to make our communities safer and more prosperous,” said Sen. Booker. “Federal investments like these are crucial to lifting up our most vulnerable communities and creating long-lasting change for all New Jerseyans.”

The funding announced today comes from three grants designed to revitalize struggling neighborhoods and expand access to affordable housing. They are: The Community Development Block Grant (CDBG), the Emergency Solutions Grant (ESG) and the HOME Investment Partnership (HOME).

This year, the senators have announced a combined total nearly $122 million in HUD grants that support the growth and revitalization of communities.

The following communities were awarded federal grants:

Passaic County:   

CDBG: $860,233

Trenton:

            HOME: $743,213

            ESG:    $225,818