The New Jersey Department of Community Affairs will solicit public comments on the State’s plan for the allocation and expenditure of $501,909,000 in CDBG-DR funds (Amendment #11), which the U.S. Department of Housing and Urban Development allocated to New Jersey pursuant to the Disaster Relief Appropriations Act, 2013 (Public Law 113-2).
Public comment period will begin December 16, 2014. All comments must be received on or before January 15, 2015 at 5:00 pm EST to be considered. Public comment can be submitted in writing via mail or email, or can be given in person at one of the two public hearings.
The State will dedicate $215,000,000 of third round CDBG-DR funds to the FRM program. As with previous funding rounds, HMFA has set a goal that at least 80 percent of FRM funds from this tranche will be initially prioritized for projects to repair or replace multi-family housing within the nine most?impacted counties as determined by HUD.
Continuing its commitment to the restoration or replacement of damaged housing that supports special needs populations; the State will allocate $10,000,000 in third round CDBG-DR funds to SSNHF. Seventy-five percent of funding will be reserved initially to benefit households with annual gross incomes at or below 30 percent of Area Median Income. The remaining 25 percent will be reserved initially to benefit households with annual gross incomes between 30 percent and 80 percent of Area Median Income. All funding in this program is projected to benefit LMI households.
The State will allocate $15,000,000 of third round CDBG-DR funds to provide additional tenant-based rental assistance for up to two years. This investment will increase availability of rental units to low-to-moderate income households and revitalize impacted communities. Funds will be provided through the State’s Supportive Services program, and are in addition to the $17 million in second round CDBG-DR funds allocated to this program.