119 new units to be built with the 2007 CoC Awards!

Last week we had a post about the December 21, 2007, HUD announcement of the 2007 Continuum of Care Funding Awards. That post had links to how each county in New Jersey did in this round of funding.

Overall New Jersey received awards totaling $31,829,896. This amount was $3,318,175 more than last year. The total increase was 12%.

Counties that worked with Monarch Housing Associates received funding totaling $20,283,088 or 63.7% of the total awarded to NJ.

One third of the money awarded to New Jersey – $10,478,086 – was for new permanent, affordable and supportive housing.

Of the funding for new projects $7,472,216 or 71% was in counties working with Monarch Housing Associates. This new funding will create one hundred nineteen (119) new permanent, affordable and supportive housing units for the homeless.

In addition, of the new funds, $3,721,080 was for housing first initiatives in three counties – Trenton/Mercer, Bergen and Passaic.

Click here for more details about how counties that worked with Monarch Housing Associates did with their 2007 applications.

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