Lakewood to Receive over $3,000,000 for Affordable Housing

The U.S. Department of Housing and Urban Development announced $177 million in grants to New Jersey for Community Planning and Development activities, ranging from the development of affordable housing to expanding economic opportunities for people with low and moderate incomes.

These grants are part of $6.3 billion to U.S. states, local entities of government, and U.S. territories through HUD’s Fiscal Year 2022 CPD Formula Grant Program. View a complete list of all the communities that received funding.

“HUD’s CPD programs support local governments who depend on this federal funding to address economic development needs, lack of affordable housing, and homelessness,” said Alicka Ampry-Samuel, HUD Regional Administrator for New York and New Jersey. “These programs also enhance communities, aid local businesses, and provide funding for infrastructure maintenance like water and sewer systems. Most importantly, it is a vital resource for low and moderate-income residents who just need a hand up to support their families and improve their quality of life.”

A breakdown of New York’s grants and descriptions of eligible activities supported by these awards follows:

$87.6 million — The Community Development Block Grant Program (CDBG) provides annual grants on a formula basis to states, cities, and counties to develop viable urban communities by providing decent housing and a suitable living environment, and by expanding economic opportunities, principally for low- and moderate-income persons.
$1 million – CDBG Recovery Housing Program (RHP) –. The Recovery Housing Program (RHP) allows states and the District of Columbia to provide stable, transitional housing for individuals in recovery from a substance-use disorder.
$39.9 million — The HOME Investment Partnerships Program (HOME) provides funding to states and localities that communities use – often in partnership with local nonprofit groups – to fund a wide range of activities including building, buying, and/or rehabilitating affordable housing for rent or homeownership or providing direct rental assistance to low-income people.
$26.8 million – Housing Trust Fund provides funding to produce affordable housing units.
$7.8 million – Emergency Solutions Grants (ESG) provide funds for homeless shelters, assist in the operation of local shelters, and funds related to social service and homeless prevention programs.
$14.5 million Housing Opportunities for Persons with HIV/AIDS (HOPWA) – Housing Opportunities for Persons with AIDS (HOPWA) grants provide rental housing assistance and supportive services for persons living with HIV/AIDS and their families.

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