02/18/2020 | Press release | Distributed by Public on 02/18/2020 17:07
Menendez, Booker Announce $144M in Federal Funding to Revitalize Neighborhoods, Expand Economic Opportunities
Menendez, Booker Announce $144M in Federal Funding to Revitalize Neighborhoods, Expand Economic OpportunitiesTuesday, February 18, 2020
NEWARK, N.J. - U.S. Senators Bob Menendez and Cory Booker today announced the awarding of a combined $144,750,828 in federal funding from the U.S. Department of Housing and Urban Development's (HUD) Office of Community Planning and Development to support the revitalization of communities across New Jersey.
'When we invest in our communities, we improve the quality of life for residents across the state of New Jersey, regardless of their zip code,' saidSen. Menendez, ranking member of the Senate Banking Subcommittee on Housing, Transportation and Community Development. 'This critical funding will move us forward as a state, and allow for economic development, job opportunities and safe and affordable housing for families.'
'As a former mayor, I have seen firsthand the impact successful federal programs like this have on addressing the most pressing housing issues in our communities,' said Sen. Booker. 'Federal investments like this not only help address the affordable housing crisis in New Jersey, but they also bolster our economic growth and strengthen our neighborhoods.'
The funding announced today comes from four different grants designed to revitalize struggling neighborhoods and expand access to affordable housing. They are: the Community Development Block (CDBG), the Emergency Solutions Grant (ESG), the HOME program and the Housing Opportunities for Persons with AIDS (HOPWA) Program.
The following communities were awarded the following grants:
Toms River Township:
North Bergen Township:
Old Bridge Township:
New Jersey Nonentitlement:
CDBG Pilot: $855,000