HUD announces nearly $47 million in Recovery monies to New Jersey to stabilize neighborhoods

NEWARK, NJ – January 14, 2010 – (RealEstateRama) — U.S. Housing and Urban Development Secretary Shaun Donovan today announced that HUD is awarding $46,826,965 in Recovery Act funding to the Camden Redevelopment Agency, the City of Newark and the Camden Housing Authority under HUD’s Neighborhood Stabilization Program (NSP).


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U.S. Department of Housing and Urban Development (HUD) is the nation’s housing agency committed to increasing homeownership, particularly among minorities; creating affordable housing opportunities for low-income Americans; and supporting the homeless, elderly, people with disabilities and people living with AIDS. The Department also promotes economic and community development, and enforces the nation’s fair housing laws.

Contact:

Brian Sullivan
(202) 708-0685

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