Christie Administration Awards $75 Million in Sandy Recovery Funds to Create 524 Affordable Housing Units in Monmouth and Ocean Counties for Families

TRENTON, NJ – November 13, 2015 – (RealEstateRama) — On the heels of the third anniversary of Superstorm Sandy, the Board of the New Jersey Housing and Mortgage Finance Agency (HMFA) recently committed approximately $75 million in federal Sandy recovery funds to create 524 affordable rental apartments in Monmouth and Ocean counties – two of the areas in the state hardest hit by the storm – for low- and middle-income families.

The six approved projects were selected based on FRM Program guidelines for the program’s third round. In the first and second FRM rounds, HMFA allocated $359 million of federal Sandy recovery funds to create approximately 3,180 units of affordable housing.

Sandy-impacted residents can learn more about affordable housing projects funded with Sandy recovery dollars by visiting the New Jersey Housing Resource Center at www.njhrc.gov and clicking on “Priority Housing for Sandy-Impacted Residents.” The free database includes such information as where projects are located, total number of housing units, contact information for the leasing office, website/phone number for people to submit applications, and date applications are being accepted. New information is added regularly as it becomes available.

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