Menendez, Booker Announce Over $4M in Federal Funding to Expand Affordable Housing, Strengthen Communities

WASHINGTON, D.C. – U.S. Senators Bob Menendez and Cory Booker today announced the awarding of a combined $4,137,734 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.

“We must continue funding these vital programs to ensure communities across our state can expand economic opportunity for their residents,” said Sen. Menendez. “By investing in our communities we create jobs, affordable housing, economic development and strong and thriving families across New Jersey.”

“Redeveloping New Jersey’s struggling neighborhoods, 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 two grants designed to redevelop struggling neighborhoods and expand access to affordable housing. They are: The Community Development Block (CDBG) Grant and the HOME Investment Partnership (HOME).

Earlier this month, the senators announced a combined total of $27 million in HUD grants that support the growth and revitalization of communities.

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