HUD
No. 04-015 Adam Gelfand (973) 622-7900 ext. 3105 |
For
Release Thursday July 22, 2004 |
BUSH ADMINISTRATION ANNOUNCES $76 MILLION TO STIMULATE ECONOMIC DEVELOPMENT AND HOUSING IN 29 NEW JERSEY COMMUNITIES
NEWARK, NJ - Twenty-nine New Jersey communities will receive more than $76 million in federal funding to stimulate local economies, produce more affordable housing, help homeless individuals and families, and assist families and individuals with HIV/AIDS. The funding will also help provide downpayment assistance to lower income families (see attached chart).
"This Administration is committed to promoting economic development and job growth, increasing the supply of affordable housing, and helping our most vulnerable neighbors," said Housing and Urban Development Secretary Alphonso 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 is provided through five HUD programs.
For the past 30 years, HUD's Community Development Block Grant (CDBG) Program has awarded over $100 billion to state and local governments to target their own community development priorities. CDBG is one of HUD's oldest and most popular programs. The rehabilitation of affordable housing has traditionally been the largest single use of the grants although CDBG is also an important catalyst for job growth and business opportunities. CDBG funds are distributed by formula around the country based on a community's population, income levels, poverty rates and the age of its housing stock.
HOME (HOME Investment Partnerships Program) is the largest federal block grant to state and local governments designed exclusively to produce affordable housing for low-income families. Since 1992, more than 600 communities have committed to produce nearly 785,000 affordable housing units, including almost 300,000 for new homebuyers purchasing their first home. In addition, over 100,000 tenants have received direct rental assistance.
The American Dream Downpayment Initiative (ADDI) aims to increase the homeownership rate, especially among lower income and minority households, and to revitalize and stabilize communities. ADDI will help first-time
homebuyers with the biggest hurdle to homeownership: downpayment and closing costs. The program was created
to assist low-income first-time homebuyers in purchasing single-family homes by providing funds for downpayment, closing costs, and rehabilitation carried out in conjunction with the assisted home purchase. Information about this program is available at www.hud.gov/offices/cpd/affordablehousing/programs/home/addi/index.cfm.
Emergency Shelter Grants (ESG) help local communities to meet the basic shelter needs of homeless individuals and families. These grants also provide transitional housing and a variety of support services designed to move the homeless away from a life on the street toward permanent housing. This block grant program, in concert with more than $1 billion HUD awards by competition, helps thousands of local homeless assistance programs to help those
who would otherwise call the streets their home.
HUD's Housing Opportunities for Persons with AIDS (HOPWA) grants are distributed based on the number of AIDS cases reported to the Centers for Disease Control and Prevention. The grants provide rental assistance and
support services to individuals with HIV/AIDS and their families. In addition, the HOPWA program also helps many communities develop strategic AIDS housing plans and fill in gaps in local systems of care. A stable home
environment is a critical component for low-income persons managing complex drug therapies and potential side effects from their treatments.
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,
and people with disabilities. 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.
###
Community |
Grant |
Grant Amount |
Bayonne
|
CDBG
|
$2,255,000 |
ESG
|
$83,621 | |
Bayonne
Total
|
$2,338,621 | |
Bergen
County
|
ADDI
|
$392,076 |
CDBG
|
$12,648,000 | |
ESG
|
$468,766 | |
HOME
|
$3,664,165 | |
Bergen County Total | $17,173,007 | |
Brick
Township
|
CDBG
|
$438,000 |
Bridgeton
|
CDBG
|
$521,000 |
Burlington
County
|
ADDI
|
$101,491 |
CDBG
|
$1,960,000 | |
HOME | $862,392 | |
Burlington County Total | $2,923,883 | |
Camden
|
CDBG
|
$3,425,000 |
ESG
|
$127,882 | |
HOME
|
$1,251,472 | |
Camden Total | $4,804,354 | |
Camden
County
|
ADDI
|
$187,485 |
CDBG
|
$3,037,000 | |
ESG
|
$110,177 | |
HOME
|
$1,378,825 | |
Camden
County Total
|
$4,713,487 | |
Cherry
Hill
|
CDBG
|
$529,000 |
Mercer
County
|
ADDI
|
$91,243 |
HOME
|
$742,059 | |
Mercer
County Total
|
$833,302 | |
Dover
Township
|
CDBG
|
$553,000 |
Edison
|
CDBG
|
$790,000 |
Elizabeth
|
ADDI | $147,850 |
CDBG | $2,480,000 | |
ESG | $93,094 | |
HOME | $1,541,276 | |
Elizabeth
Total
|
$4,262,220 | |
Gloucester
Township
|
CDBG
|
$432,000 |
Hamilton
Township
|
CDBG
|
$674,000 |
Hudson
County
|
ADDI
|
$328,554 |
CDBG
|
$4,402,000 | |
ESG
|
$163,546 | |
HOME
|
$4,470,401 | |
Hudson
County Total
|
$9,364,501 | |
Irvington
|
CDBG
|
$1,261,000 |
HOME
|
$725,011 | |
Irvington Total | $1,986,011 | |
Jersey
City
|
ADDI
|
$233,241 |
HOME
|
$3,379,375 | |
Jersey
City Total
|
$3,612,616 | |
Lakewood
Township
|
CDBG
|
$943,000 |
Middlesex
County
|
ADDI
|
$230,241 |
CDBG
|
$2,370,000 | |
ESG
|
$88,083 | |
HOME
|
$2,097,820 | |
Middlesex
County Total
|
$4,786,144 | |
Millville
|
CDBG
|
$353,000 |
New
Brunswick
|
CDBG
|
$971,000 |
HOME
|
$595,652 | |
New
Brunswick Total
|
$1,566,652 | |
North
Bergen Township
|
CDBG
|
$795,000 |
Ocean
County
|
ADDI
|
$160,709 |
CDBG
|
$1,713,000 | |
HOME
|
$1,464,061 | |
Ocean
County Total
|
$3,337,770 | |
Old
Bridge Township
|
CDBG
|
$397,000 |
Passaic
|
CDBG
|
$1,405,000 |
HOME
|
$1,028,854 | |
Passaic Total | $2,433,854 | |
Sayreville
|
CDBG
|
$282,000 |
Union
City
|
CDBG
|
$1,548,000 |
Vineland
|
CDBG
|
$666,000 |
HOME
|
$822,281 | |
Vineland Total | $1,488,281 | |
Woodbridge
|
CDBG
|
$733,000 |
HOPWA
|
$1,462,000 | |
Woodbridge
Total
|
$2,195,000 | |
New
Jersey Total
|
$76,074,703 |