Menendez, Booker Announce $12M in Federal Funding to Revitalize Communities, Create More Affordable Housing Throughout NJ

WASHINGTON, D.C. – U.S. Senators Bob Menendez and Cory Booker announced today the awarding of a combined $12,717,659 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.

“Investing in our communities spurs economic development, job opportunities and safe and affordable housing, all of which help build strong and prosperous communities,” said Sen. Menendez. “I will continue to fight for this critical funding to ensure communities across New Jersey can expand economic opportunities for their residents.”

“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.”

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

The funding announced today comes from three 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) and the HOME Investment Partnership (HOME).

Last week, the senators announced $15 million in CDBG, ESG, HOME and Housing Opportunities for Persons with AIDS (HOPWA) funding to support communities throughout the state.

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