HUD ANNOUNCES OVER $27 MILLION UNDER THE RECOVERY ACT TO SEVEN NEW JERSEY PUBLIC HOUSING AUTHORITIES
Grants will increase energy efficiency, upgrade public housing and create jobs

NEWARK - U.S. Department of Housing and Urban Development Secretary Shaun Donovan awarded over $27 million
in competitive grants to seven public housing authorities across New Jersey. (See below for a listing of grantees and awards). The funding, part of $500 million recently awarded nationwide, allows public housing authorities to build or renovate affordable rental apartments and make existing public housing units more energy efficient. The Public Housing Capital Funds being awarded today are provided through The American Recovery and Reinvestment Act of 2009 (Recovery Act).

Most of the New Jersey housing authorities will receive funds to create energy efficient communities by
rehabilitating existing public housing units. The agencies will have resources to install new energy efficient technologies to conserve energy, such as Energy Star appliances, high-efficiency boilers/furnaces and programmable thermostats or controls. However, the Camden Housing Authority will receive funds that will allow it to proceed with redevelopment of a housing complex that was stalled because of a lack of private financing. This funding essentially fills the gap in private capital to allow work to continue. The Camden Housing Authority will also receive funding to address the needs of the elderly and/or persons with disabilities.

"The grants being awarded should give hope to families across the country that more affordable housing
opportunities are on the way," said Donovan. "This Recovery Act funding will not only give housing authorities the resources they need to jump start production of affordable housing, but it will also reduce energy costs and mitigate negative environmental impacts, while creating much-needed 'green' jobs across the country."

In February, just eight days after President Obama signed the Recovery Act into law, HUD allocated nearly $3 billion
in Recovery Act funding to more than 3,100 public housing authorities across the U.S. Distributed by formula, that funding is already being put to work to improve public housing and create safer, more livable environments for lower income residents.

The funding that was announced last week is part of an additional $1 billion in Public Housing Capital Funds
designated by the Recovery Act to be awarded competitively. HUD accepted applications under this program from public housing authorities between June 22 and August 18. Grants under the program are now being awarded to
public housing authorities that effectively addressed the requirements in the Notice of Funding Availability (NOFA) under the following four funding categories:

Category 1 - Improvements Addressing the Needs of the Elderly and/or Persons with Disabilities: $95 million is being awarded to improve public housing units and create community facilities for the delivery of supportive
services to this vulnerable population.

Category 2 - Public Housing Transformation: $96 million out of $100 million was awarded on September 3 to transform public housing developments that are distressed and a blighting influence on the surrounding community
into newly built or renovated developments.

Category 3 - Gap Financing for Projects that are Stalled Due to Financing: $200 million of the $500 million recently awarded fall into this category, which allows PHAs to develop or renovate public housing projects stalled
due to lack of resources.

Category 4 - Creation of Energy Efficient, Green Communities: $600 million is being awarded for public housing authorities to create more energy efficient public housing units. Within this category, applicants could apply under Option 1 for substantial rehabilitation or new construction, or under Option 2 for moderate rehabilitation.

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