NJ to receive over $955K in federal grants

TRENTON – The U.S. Department of Housing and Urban Development (HUD) has announced that it has awarded the Housing and Community Development Network of New Jersey (the Network) $282,977 to support the housing counseling services of 8 nonprofit sub-grantee organizations. The funds will help these organizations provide critically needed counseling to families and individuals, to meet their housing needs and to prevent future foreclosures. On the award, Network Director of Housing Counseling and Community Investment Louis Prezeau issued the following statement:

“Housing counseling empowers households to make sound financial decisions, improving their chances of being safe and stably housed. Thank you to HUD and our Congressional leaders for investing in these services which helps to address housing insecurity. In NJ, there is a shortage of affordable and available homes, resulting in a growing number of residents needing assistance. Housing counselors are on the frontline to offer guidance, providing critically needed services.

“The HUD-certified housing counselors we work with are advising struggling renters by providing valuable financial education, guiding first time homebuyers, assisting homeowners to avoid foreclosure, and helping Black and Brown households overcome barriers in effort to close the racial wealth gap and achieve homeownership.”

As the largest, certified funded intermediary exclusively serving NJ, the Network provides pass-through housing counseling program funding to its network of qualified sub-grantee affiliate organizations which deliver housing counseling services throughout New Jersey. In this capacity, the Network provides administrative oversight around providing excellence of services, technical assistance, compliance, reporting, and training. In addition to the sub-grantees supported through the intermediary, the Network partners with 38 community based non-profit organizations that offer housing counseling services in their communities.

To learn more about the announcement and the U.S. Department of Housing and Urban Development’s housing counseling efforts, visit www.hud.gov.

About the Housing and Community Development Network of NJ
The Housing and Community Development Network of New Jersey is the statewide association of more than 250 community development corporations, individuals and other organizations that support the creation of affordable homes, economic opportunities, and strong communities. For more information on the Network, visit www.hcdnnj.org.