Lautenberg, Menendez Announce $2 Million in Federal Funding for Community Development and Housing Assistance in Atlantic City
WASHINGTON, D.C. – April 21, 2010 – (RealEstateRama) — U.S. Senators Frank R. Lautenberg (D-NJ) and Robert Menendez (D-NJ) today announced Atlantic City received a combined $2 million in Community Development Block Grant (CDBG) and HOME program funding through the U.S. Department of Housing and Urban Development (HUD). “This federal funding will enhance neighborhoods and improve affordable housing options for Atlantic City families,” said Sen. Lautenberg. “Investing in local development initiatives strengthens communities and lifts the public spirit.”
“This is the type of investment that will help families stay afloat during these tough times and help rebuild our communities for the 21st Century economy,” said Menendez. “By creating affordable housing for working families, supporting small business owners and community development, we can help create jobs and long-term economic security for local families.”
The CDBG and HOME programs provide funding to states and municipalities to develop decent and affordable housing, enhance infrastructure and develop economic opportunities primarily in communities with large populations of low- and moderate-income families. HUD is the nation’s housing agency and is committed to sustaining community development, access to affordable housing and homeownership.
Contact: Lautenberg Press Office (202) 224-3224 Menendez Press Office (202) 224-4744
