SECAUCUS – U.S. Rep. Bill Pascrell, Jr., a member of the House Ways and Means and Budget Committees, announced on Thursday, Feb. 12 that the U.S. Department of Housing and Urban Development (HUD) awarded $4,815,587 in federal grants to multiple agencies in Bergen, Hudson, and Passaic Counties to help develop and modernize public housing.
The Secaucus Housing Authority is scheduled to receive $257,492. It is the only agency in Hudson County to receive this funding.
The federal grants, part of HUD’s Capital Fund Program, can also be used for financing activities, including payments of debt service and customary financing costs.
“This federal funding is a promising sign for Bergen, Hudson, and Passaic County communities in need of public housing improvements,” stated Pascrell. “This investment in public housing is the type of smart economic development we need to create jobs while improving our communities. It is also a critical life line for scores of families that are living in inadequate conditions. Keeping families in their homes is a key to our economic recovery and essential to preserving the core of our communities and neighborhoods.”
For Fiscal Year 2015, HUD will make available approximately $1.8 billion to approximately 3,100 grantees.
Our Digital Archive from 2000 – 2016
