|HUD No. 04-013
(973) 622-7900 ext. 3105
July 9, 2004
BUSH ADMINISTRATION ANNOUNCES OVER $300,000 TO STIMULATE ECONOMIC DEVELOPMENT AND HOUSING IN PARSIPPANY-TROY HILLS
HUD grants targeted to lower income persons and families in need
NEWARK - The Township of Parsippany-Troy Hills will receive over $300,000 in funding from the Department of
Housing and Urban Development to stimulate its economy and produce affordable housing. HUD Secretary Alphonso Jackson said the funding represents another investment in improving the living conditions for Parsippany-Troy Hills' lower income families.
"This Administration is committed to promoting economic development and job growth, increasing the supply of affordable housing, and helping our most vulnerable neighbors," said Jackson. "These funds will serve as a catalyst
for low-income families trying to cross the threshold into homeownership and reinforces our commitment to rebuilding entire communities."
The funding announced today includes:
- $350,000 in Community Development Block Grant (CDBG) funds.
HUD is the nation's housing agency committed to increasing homeownership, particularly
among minorities; creating affordable housing opportunities for low-income Americans;
and supporting the homeless, elderly, people with disabilities and people living
with AIDS. The Department also promotes economic and community development as
well as enforces the nation's fair housing laws. More information about HUD and its programs is available on the Internet and espanol.hud.gov.