Christie administration commits $7.2 million to help two JC public housing projects

JERSEY CITY — New Jersey Department of Community Affairs (DCA) Commissioner Richard E. Constable, III on Monday joined New Jersey Housing and Mortgage Finance Agency (HMFA) Executive Director Anthony L. Marchetta in announcing the commitment of approximately $7.2 million in Community Development Block Grant (CDBG) Disaster Recovery funding to two public housing authority developments in Jersey City. The funding will provide the construction and permanent financing needed for the rehabilitation of 319 affordable rental housing units for families and 48 affordable rental housing units for seniors.
“These funds will enable the restoration of public housing developments that sustained considerable damage as a result of Superstorm Sandy,” said Commissioner Constable, whose Department is administering the distribution of CDBG Disaster Recovery funds for the state and who also serves as Chairman of the HMFA. “This award is another example of the Christie Administration’s continued commitment to providing decent and safe affordable housing opportunities for the most vulnerable families in our communities.”
The $7.2 million in funding will be used to help rehabilitate Thomas J. Stewart Apartments and Booker T. Washington Apartments, which provide a total of 367 residential units in Jersey City.
“These two public housing developments are the first in the state to receive CDBG Disaster Recovery funding commitments, and we look forward to announcing similar commitments in the weeks and months ahead,” said HMFA Executive Director Marchetta. “The HMFA is thrilled to provide the capital financing necessary to assist in the rehabilitation of two public housing developments that serve low- and moderate-income households in our state’s second largest city.”