“A new report rates New Jersey as the fourth most expensive state for housing. That should be a spur to lawmakers and Gov. Chris Christie to tackle — once again — the state’s cumbersome and ineffectual housing policy. “ The Star Ledger editorial entitled “Housing Still Out of Reach for Many NJ Residents,” highlights the findings in the Low Income Housing Coalition’s recent Out of Reach Report.
Posts on supportive housing in NJ.
Last week the Washington Post published a week long series on HUD’s HOME Investment Partnerships Program. The article “Million-Dollar Wasteland” focused on delayed and abandoned developments funded by the HOME Investment Partnerships program. HUD responded that the projects identified by the Post represent about 2.5 percent of the 28,000 active developments. In New Jersey projects valued at $34 million were identified as either being delayed or zero draw projects.
On Monday May 16, 2011, Housing and Urban Development (HUD) In addition announced that the FY2011 funding into the NOFA increasing total combined funding to $449 million or the 202 and to $141 million for 811. For New Jersey this will result in an increase of 58 units and $8,445 million for 202 and 16 units and $2,323,938. The deadline for the Section 202 Supportive Housing for the Elderly Program was extended until June 21, 2011. The Section 811 deadline remains on June 23, 2011.
Advance Housing held a ribbon cutting event on April 29, 2011 for its Demarest Farms of Lafayette project, which features the adaptive re-use of an existing barn that has been converted into (10) units of affordable, permanent and supportive housing. The tenants will be persons with a mental illness, homeless individuals, veterans, and victims of domestic violence.
On March 18, 2011, HUD awarded a Choice Neighborhoods Grant to the Jersey City Housing Authority which is partnering with The Michaels Development Company and Metrovest Equities to develop a Transformation Plan for the McGinley Square–Montgomery Corridor neighborhood including the Montgomery Gardens. Monarch Housing is also part of this initiative.