2008 award is 7.4% higher than year before
Forty new projects funded!
Awards by County
Hunterdon applied with Warren.
Last Thursday we published the initial information on the 2008 Continuum of Care Funding Awards. To read the original post click here. The total awards for new projects and renewals for New Jersey was $34,172,333. This was 7.9% higher than the 2007 award and 19.9% higher than the 2006 award. The dollar increase since 2007 was $2,342,437. From 2006 the increase was $5,660,612.
Although the amount is slightly less than the amount approved in 2004, that was the year when the Samaritan Bonus was equal to 100% of the pro rata need. Thus, 2004 is not comparable to this or other years.
In 2008, sixty-five (65%) of the $34,172,333 total award for New Jersey was received by counties working with Monarch Housing Associates. Of the forty (40) new projects approved thirty-four (34) or eighty-five (85%) were in the counties working with Monarch Housing Associates. The $8,691,950 in new funding will provide supportive housing for one hundred sixty-two (162) homeless individuals and families. To view all of new awards in these counties click here.
New Projects
This year thirty-six (36%), or $12,440,234, of the total funds awarded were for forty (40) new projects.
This included the Trenton/Mercer Continuum of Care receiving one of twenty (23) Rapid Re-Housing projects to be funded in the entire country. The Housing Now project was awarded for $387,220. The project known as Mercer Housing Now, will target twenty-eight (28) homeless households who are not on TANF. As a result of a partnership with NJ Division of Family Development, Mercer Housing Now will also serve fifty (50) homeless households on TANF.
HUD received ten times as many applications as they could approve. With the Homelessness Prevention Fund included in the economic recovery plan, this award will not only be the foundation of Trenton/Mercer’s implementation plan but also a model for a statewide response.
In four counties – Camden, Trenton/Mercer, Bergen and Passaic – funding totaling $3,822,864, or 31% of the new funding, will provide an additional sixty-four (64) vouchers to initiate or expand their housing first initiatives.
To read the full list of awards click here. To view the awards by county use the list to the right in this post.
To read the full HUD news release is available by clicking here.
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