Congressman MacArthur Announces Grants Supporting South Jersey’s Low-Income Housing Development

Congressman MacArthur Announces Grants Supporting South Jersey’s Low-Income Housing Development

Toms River, New Jersey—Congressman Tom MacArthur announced five federal grants for Burlington and Ocean Counties to assist with the community’s housing development for low-income families.  The grants were awarded through the Department of Housing and Urban Development’s Office of Community Planning and Development.

“This money will have an incredible impact in Burlington and Ocean Counties. Every state has its own way of addressing low-income housing development, and federal grants that give states the flexibility to target its specific needs result in better outcomes for the most vulnerable in the community. This funding allows those on the ground to develop and execute plans to provide suitable housing options for low-income families,” said Congressman MacArthur. “Not only do these programs offer better housing options for the most vulnerable, but they give us an opportunity to empower those individuals so they can thrive and become financially self-sufficient. I have been a longtime advocate of the Community Development Block Grant (CDBG) program, which funds a wide range of housing and economic services for low and moderate-income families, and have worked to maintain its funding. Together with federal, state, and local partners, I will continue supporting  these programs that enhance our community.”

The following grants were awarded to New Jersey’s Third Congressional District:

  • (3) Community Development Block Grant (CDBG):  This grant is awarded to states to address housing issues facing low-income individuals in urban communities. CDBGs fund quality, affordable housing options and promote economic expansion. Each year since being in Congress, Rep. MacArthur has urged appropriators to continue funding the CDBG program.
  • (1) Housing Trust Fund: The Housing Trust Fund provides money to developers to rebuild or construct housing for extremely low-income families. A majority of the funds must be used for operation or rehabilitation of rental housing, while the rest may be used to assist with costs for first-time homebuyers.
  • (1) HOME Program: Grants through this program allow state and local governments to fund local housing programs for low-income families.

 

###

(Visited 4 times, 1 visits today)

Comments are closed.

News From Around the Web

The Political Landscape