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Congressman Pascrell Announces $6.5 Million In Grants For Housing Programs In Paterson, Passaic County

U.S.  Rep. Bill Pascrell Jr. (D-NJ-8) announced today that Passaic County and the City of Paterson have been awarded $6,590,443 in federal funding from the Department of Housing and Urban Development (HUD) to help struggling homeowners and renters stay in their homes while also helping local governments promote development and economic activity. 
 
“During these difficult economic times, this federal investment in Passaic County not only will help the most hard pressed individuals and families keep a roof over their heads, but it will also support the creation of jobs as these projects are funded,” stated Pascrell a member of the House Committee on Ways and Means.  “Our residents need this funding, especially after the recent disaster resulting from Hurricane Irene.  We all want to see our communities develop and grow.  This funding makes that growth possible during this time of limited resources."
                                                                                                                             
Funding Distribution Based on Federal Program:

Housing Authority of the City of Paterson has been awarded $21,832 in funding from the Mortgage Modification and Mortgage Scams Assistance (MMMSA) program for counseling services to homeowners facing mortgage foreclosures.

Passaic County has been awarded $950,250 in Community Development Block Grants (CDBG) funding to promote affordable housing, services to the most vulnerable in our communities, and to create jobs through the expansion and retention of businesses. Funds have typically been used for neighborhood revitalization, housing rehabilitation, and economic development activities.

The City of Paterson has been awarded $2,683,971 in Community Development Block Grants (CDBG) to promote affordable housing, services to the most vulnerable in our communities, and to create jobs through the expansion and retention of businesses.

The City of Paterson has been awarded $129,776 in Emergency Shelter Grants (ESG) to improve the quality and number of emergency homeless shelters.

The City of Paterson has been awarded $1,423,581 in HOME funding to create affordable housing for low-income households.  Specific activities authorized include rehabilitation financing assistance to eligible homeowners and new homebuyers, building or rehabilitating housing for rent or ownership, or for other reasonable and necessary expenses related to the development of non-luxury housing, including site acquisition or improvement.

The City of Paterson has been awarded $1,381,032 in Housing Opportunities for Persons with AIDS (HOPWA) funding to housing assistance and related supportive services for persons living with HIV/AIDS.

The New Jersey State Program has been awarded $15,833,725 in funding for the CDBG, ESG, HOME, and HOPWA programs.

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