Menendez, Booker Announce $54M in Federal Funding to Revitalize Communities, Increase Housing Options

Menendez, Booker Announce $54M in Federal Funding to Revitalize Communities, Increase Housing Options

 

NEWARK, N.J. – U.S. Senators Bob Menendez and Cory Booker today announced the awarding of a combined $54,066,294 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.”

“I have seen firsthand the challenges many families face when trying to find a decent place to live and how access to safe and affordable housing can transform lives,” said Sen. Booker. “Federal investments like these are crucial to the economic development of New Jersey and will have long-lasting reverberations in our communities for years to come.”

The funding announced today comes from five 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), the HOME Investment Partnership (HOME), the Housing Opportunities for Persons with AIDS (HOPWA) Program, and the Housing Trust Fund (HTF).

Earlier this summer, the senators announced a combined total nearly $58 million in HUD grants that support the growth and revitalization of communities.

The following communities were awarded federal grants:

Atlantic County:

            CDBG: $1,217,645

            HOME: $670,111

Bloomfield:

            CDBG: $1,007,693

East Orange:

            CDBG: $1,440,036

            HOME: $485,678

Essex County:

            CDBG: $5,196,315

            ESG:     $440,579

            HOME: $1,081,898

Irvington:

            CDBG: $1,105,103

            HOME: $408,877

New Brunswick:

            CDBG: $875,570

            HOME: $483,322

State of New Jersey:

            CDBG: $6,842,709

            ESG:     $3,052,410

            HOME: $4,845,826

            HOPWA: $1,611,424

            HTF:      $6,968,067

Newark:

            CDBG: $7,136,919

            ESG:   $608,884

            HOME:  2,467,446

            HOPWA: $5,841,359

Ocean City:

            CDBG: $278,423

 

###