CONGRESSMAN PASCRELL, SENATOR MENENDEZ ANNOUNCE NEARLY $11 MILLION IN HOUSING GRANTS FOR BERGEN COUNTY

WASHINGTON, D.C. – September 23, 2013 – (RealEstateRama) — U.S. Congressman Bill Pascrell, Jr. and U.S. Senator Robert Menendez (both D-NJ) today announced that Bergen County will receive nearly $11 million from the U.S. Department of Housing and Urban Development (HUD) for various housing and economic development programs. The grants were a part of a total of $17.6 million awarded to New Jersey, with Bergen County receiving the largest total allocations during this cycle.

“This federal investment in Bergen County will help provide affordable housing to families while spurring economic growth,” stated Congressman Bill Pascrell, Jr., a member of the House Ways and Means and Budget Committees. “Keeping families in their homes is a key to our economic recovery and essential to preserving the core of our communities and neighborhoods.”

“These critical HUD dollars help revitalize Bergen County communities and help provide families with greater access to affordable housing,” said Senator Menendez, Chairman of the Senate Subcommittee on Housing, Transportation and Community Development. “I will continue fighting to secure these resources for the benefit of everyone in New Jersey so we can help families and communities move forward together.”

The HUD grants to Bergen County announced today include:

• $8,390,768 from the Community Development Block Grant (CDBG) program, which provides resources for community improvements to help foster economic development.
• $1,862,386 from the HOME Investment Partnership, a program aimed at increasing the availability of affordable housing for low-income families
• $582,638 from the Emergency Shelter Grants (ESG) program, which is dedicated to improving the quality and number of emergency homeless shelters.

Contact
Thomas Pietrykoski (973) 523-5152