NJEDA Now Accepting Applications for 21st Century Redevelopment Program to Help Communities Revitalize Vacant...
The New Jersey Economic Development Authority (NJEDA) today announced that it is now accepting applications for the 21st Century Redevelopment Program, which will provide grant funding to assist communities with developing solutions for repurposing local vacant or underutilized commercial and retail properties
U.S. Representative Bill Pascrell, Jr. (D-NJ-09) announced the awarding of a $1,162,364 Federal Emergency Management Agency grant to New Jersey which will be used to restore Passaic Valley Sewerage Commission (PVSC) property damaged by Hurricane Sandy.
Toms River, New Jersey—Congressman Tom MacArthur released the following statement on the Puerto Rican governor's decision to increase minimum wage for Puerto Rican construction workers and require the use of project labor agreements in governemnt-funded constuction projects
New Jersey’s housing market is steady in the second quarter of 2018, with prices on the rise and properties spending fewer on the market, according to NJ Realtors® data. The median sales price of a single-family home in June was $340,000, up 4.6 percent from last year.
Representative Bill Pascrell, Jr. (D-NJ-09) announced that the Department of Housing and Urban Development (HUD) awarded $1,544,606 in Housing Choice Vouchers to the Paterson Housing Authority. These HUD grants will be used for the relocation of current members of the Riverside Terrace Development in Paterson which is slated for HUD-approved demolition.
July 20, 2018 DCA Proposes Reallocating Sandy Recovery Funds to Continue Providing Housing Counseling...
The New Jersey Department of Community Affairs (DCA), Sandy Recovery Division is proposing to reallocate Community Development Block Grant Disaster Recovery (CDBG-DR) funds to the Sandy Recovery Housing Counseling Program and Rental Assistance Program in order to meet the continuing needs of highly vulnerable households hit hard by Superstorm Sandy.
In order to afford a modest, two-bedroom apartment at fair market rent (FMR) in New Jersey, renters need to earn $28.17 per hour. This is NJ’s 2018 Housing Wage, revealed in a national report released today. The report, Out of Reach: The High Cost of Housing, was jointly released by the National Low Income Housing Coalition (NLIHC)
U.S Representative Bill Pascrell, Jr. (D-NJ-09) and 10 Democratic members of the Ways and Means Committee sent a letter to Internal Revenue Service (IRS) Acting Commissioner David Kautter requesting an explanation for the agency’s decision to create restrictions on the prepayment of 2017 property taxes that are not included in the Tax Cuts and Jobs Act of 2017 (TCJA).
Menendez Discusses Trump Tax Bill’s Devastating Effects on Homeowners, Housing Market with NJ Realtors
U.S. Senator Bob Menendez (D-N.J.), a senior member of the Senate Finance Committee, today held a conference call with NJ Realtors to explain the many problems with the Republican tax bill and the harmful impact it could have on New Jersey homeowners and the housing market.
Family-owned Snack Innovations, a manufacturer, distributor, and wholesaler of healthy snack foods, has relocated to a new home in Middlesex County, supported by financing received from the New Jersey Economic Development Authority (EDA) and Provident Bank.
NJHMFA Board Approves Affordable Rental and Supportive Housing Projects Financed by Sandy Recovery Funds
The New Jersey Housing and Mortgage Finance Agency (NJHMFA) Board of Directors at its November 9 meeting approved financing commitments, including Superstorm Sandy recovery funding, for a supportive housing project in Union Township that will serve special needs residents and an affordable rental project in Atlantic City
18,000 municipal officials, exhibitors, program participants, and guests are expected to attend the largest annual gathering of municipal officials in the country. The 102nd Annual League of Municipalities Conference will be held at the Atlantic City Convention Center from Tuesday, November 14, through Thursday, November 16.
Southern New Jersey Development Council hosted its annual Distinguished Achievement Awards Reception honoring outstanding individuals, organizations and companies in the public and private sectors for leadership in economic development
New Jersey Division of Consumer Affairs Files Complaint Against Contractor Alleging Fraud in Connection...
Attorney General Christopher S. Porrino and the Division of Consumer Affairs have filed a complaint alleging that a contractor doing business along New Jersey’s coast used deceptive practices to obtain more than $1.3 million in federal relief funds from 23 homeowners who sought to have their damaged homes rebuilt, elevated and/or repaired after Superstorm Sandy.
Christie Administration Marks Groundbreaking of Mixed-Income Apartments in Jersey City Financed with Sandy Recovery...
New Jersey Housing and Mortgage Finance Agency (NJHMFA) Executive Director Anthony L. Marchetta today joined local officials, as well as representatives of the Michaels Development Company and the Jersey City Housing Authority to celebrate the groundbreaking of a mixed-income apartment complex, which is being financed with the help of Superstorm Sandy recovery funds.
When Ramesh Nuthi was looking for a permanent location for his manufacturing business in 2015, he turned to the New Jersey Economic Development Authority (EDA) for support. With just over $645,000 in EDA direct loan funds in hand, Nuthi was able to establish Flame Cut Steel’s new home in an 18,291-square-foot facility in Irvington and purchase new machinery to help expand the company’s services
The former executive director of the Ocean City, New Jersey, Housing Authority (OCHA) was sentenced today to three years of probation for embezzling federal funds received by authority from the U.S. Department of Housing and Urban Development (HUD), Acting U.S. Attorney William E. Fitzpatrick announced
Congressman Tom Reed announced that the Geneva Housing Authority has been awarded a $250,000 grant from the U.S. Department of Housing and Urban Development (HUD). The grant is funded through HUD's Capital Fund Emergency Safety and Security Program to support local housing authorities as they address safety and security issues
SCHUMER, GILLIBRAND ANNOUNCE $250,000 IN FEDERAL FUNDING FOR GENEVA HOUSING AUTHORITY IN THE FINGER...
U.S. Senate Minority Leader Charles E. Schumer and U.S. Senator Kirsten Gillibrand today announce $250,000 in federal funding for the Geneva Housing Authority in the Finger Lakes Region. The funding was allocated through the Department of Housing and Urban Development (HUD) Capital Fund Emergency and Security Program. This funding will allow the Geneva Housing Authority to purchase a security camera system, security alarms, and lighting for the Elmcrest and Courtyard Apartments, to improve security and monitoring
Governor Christie Announces New Job-Creating Rental, Homeownership Opportunities for Thousands of People
Enhancing a commitment to job-creating housing opportunities for special needs populations, senior citizens and low-income families, Governor Chris Christie and Department of Community Affairs Commissioner Charles Richman announced the new construction and rehabilitation of over 4,450 rental units across New Jersey that will generate more than $1 billion in development investments and create 9,500 construction-related jobs.