BUSH ADMINISTRATION ANNOUNCES OVER $1.3 MILLION TO STIMULATE ECONOMIC DEVELOPMENT AND HOUSING IN BLOOMFIELD
HUD grants targeted to lower income persons and families in need

NEWARK - The Township of Boomfield will receive over $1.3 million 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 Bloomfield's 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:

• $1,350,000 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.

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