HUD No. 13-13 Adam Glantz (212) 264-1100 Olga Alvarez (212) 542-7142 |
For
Release Tuesday August 8, 2013 |
HUD AWARDS NEW JERSEY HOUSING AUTHORITIES OVER $57 MILLION TO IMPROVE, PRESERVE NATION'S PUBLIC HOUSING STOCK
Housing authorities across New Jersey use funding to maintain housing for families, seniors
NEW JERSEY - U.S. Department of Housing and Urban Development Secretary Shaun Donovan today awarded public housing authorities in New Jersey $57,157,529 that will be used to make major large-scale improvements to their public housing units. (A listing of New Jersey grantees is below.)
The grants announced today are part of HUD's Capital Fund Program, which provides funding annually to all public housing authorities to build, repair, renovate and/or modernize the public housing in their communities. The authorities use the funding to do large-scale improvements to the housing such as new roofs or to make energy-efficient upgrades to replace old plumbing and electrical systems.
"This funding is critical for housing authorities to maintain and improve public housing conditions for their residents," said Donovan. "However, with a significant repair backlog, I am encouraged by new, innovative long-term solutions HUD is exploring that can be combined with this funding to not only protect and preserve this housing for the next generation, but to also build the quality infrastructure necessary for families to thrive."
"Housing authorities in New Jersey count on this funding to maintain and improve their public housing for many families, especially the most vulnerable – our seniors," said Acting Regional Administrator Mirza Orriols. "HUD is currently taking bold steps to preserve this affordable housing."
Capital Fund grants are awarded each year to the nation's approximately 3,100 public housing agencies through a formula that considers number, type and age of units in a community. Eligible uses for this funding include development, financing and modernization of the public housing units as well as management improvements at the public housing authority.
Over the past 75 years, the federal government has been working and investing billions of dollars in developing and maintaining public and multifamily housing - including providing critical support through the Capital Fund grants announced today. Still, the nation continues to lose approximately 10,000 public housing units annually, primarily due to disrepair. In 2011, HUD released Capital Needs in the Public Housing Program, a study that estimated the capital needs in the public housing stock. The study found the nation's 1.2 million public housing units are facing an estimated $25.6 billion in large-scale repairs. Unlike routine maintenance, capital needs are extensive improvements required to make the housing decent and economically sustainable, such as replacing roofs or updating plumbing and electrical systems to increase energy efficiency.
To help protect the considerable federal investment and respond to the growing demand for affordable rental housing, the Obama Administration proposed the Rental Assistance Demonstration (RAD), a comprehensive strategy that complements the Capital Fund Program and offers a long-term solution to preserve and enhance the country's affordable housing stock, including leveraging public and private funding to make critically needed improvements.
Since Congress approved the demonstration, early results show it is already generating additional capital for public and assisted housing. After opening RAD application periods last summer, HUD has approved or given initial approval to nearly 20,000 public and assisted housing units in 180 different projects across the country. Through these awards, housing authorities have proposed to generate close to $816 million in private debt and equity investments to reduce the capital backlog in public housing properties, which will preserve or replace distressed units and support local jobs in their communities - all without additional federal resources.
HUD also recently issued new RAD guidance that expands the program's flexibility that will benefit current and future applicants and participants.
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HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes: utilize housing as a platform for improving quality of life; build inclusive and sustainable communities free from discrimination; and transform the way HUD does business. More information about HUD and its programs is available on the Internet at www.hud.gov and espanol.hud.gov. You can also follow HUD on Twitter at @HUDnews or on Facebook at www.facebook.com/HUD, or sign up for news alerts on HUD's News Listserv.
NEW JERSEY GRANTEES | |
Asbury Park Housing Authority | $880,471 |
Bayonne Housing Authority | $1,961,469 |
Belmar Housing Authority | $37,970 |
Bergen County Housing Authority | $498,911 |
Berkeley Housing Authority | $75,636 |
Beverly Housing Authority | $71,881 |
Boonton Housing Authority | $68,066 |
Borough of Clementon Housing Authority | $52,946 |
Brick Housing Authority | $257,411 |
Bridgeton Housing Authority | $526,725 |
Buena Housing Authority | $57,604 |
Burlington Housing Authority | $96,068 |
Cape May Housing Authority | $84,062 |
Carteret Housing Authority | $346,191 |
Cliffside Park Housing Authority | $428,241 |
Collingswood Housing Authority | $77,921 |
Dover Housing Authority | $47,686 |
East Orange Housing Authority | $561,386 |
Edgewater Housing Authority | $24,247 |
Edison Housing Authority | $173,583 |
Elizabeth Housing Authority | $2,521,961 |
Englewood Housing Authority | $113,825 |
Florence Housing Authority | $60,041 |
Fort Lee Housing Authority | $39,442 |
Franklin Housing Authority | $154,234 |
Freehold Housing Authority | $78,412 |
Garfield Housing Authority | $496,798 |
Glassboro Housing Authority | $174,643 |
Gloucester City Housing Authority | $105,229 |
Gloucester County Housing Authority | $325,279 |
Guttenberg Housing Authority | $372,893 |
Hackensack Housing Authority | $699,086 |
Haddon Housing Authority | $74,885 |
Harrison Housing Authority | $559,722 |
Highland Park Housing Authority | $108,689 |
Highlands Housing Authority | $108,411 |
Hightstown Housing Authority | $98,605 |
Hoboken Housing Authority | $1,595,954 |
Housing Authority and Urban Redevelopment Age | $1,772,257 |
Housing Authority City of Jersey City | $4,565,233 |
Housing Authority City of Linden | $162,742 |
Housing Authority of the Borough of Lodi | $233,447 |
Housing Authority of the City of Camden | $2,200,378 |
Housing Authority of the City of Orange | $570,393 |
Housing Authority of the City of Passaic | $898,389 |
Housing Authority of the Township of Lakewood | $278,622 |
Housing Authority of the Township of Middleto | $81,143 |
Irvington Housing Authority | $806,735 |
Keansburg Housing Authority | $59,908 |
Long Branch Housing Authority | $949,216 |
Madison Housing Authority | $160,853 |
Millville Housing Authority | $460,964 |
Morris County Housing Authority | $275,817 |
Morristown Housing Authority | $517,388 |
Neptune Housing Authority | $384,878 |
New Brunswick Housing Authority | $545,820 |
Newark Housing Authority | $14,520,014 |
Newton Housing Authority | $64,660 |
North Bergen Housing Authority | $1,191,657 |
Ocean City Housing Authority | $114,296 |
Paterson Housing Authority | $2,045,471 |
Penns Grove Housing Authority | $161,956 |
Perth Amboy Housing Authority | $942,056 |
Phillipsburg Housing Authority | $955,705 |
Plainfield Housing Authority | $597,529 |
Pleasantville Housing Authority | $244,884 |
Princeton Housing Authority | $204,799 |
Rahway Housing Authority | $355,009 |
Red Bank Housing Authority | $84,791 |
Salem Housing Authority | $192,187 |
Secaucus Housing Authority | $250,617 |
South Amboy Housing Authority | $139,294 |
Summit Housing Authority | $213,332 |
Trenton Housing Authority | $2,743,784 |
Union City Housing Authority | $585,685 |
Vineland Housing Authority | $656,082 |
Weehawken Housing Authority | $83,228 |
West New York Housing Authority | $1,003,874 |
Wildwood Housing Authority | $172,106 |
Woodbridge Housing Authority | $693,746 |
New Jersey Total | $57,157,529 |