Congressman Andrews Announces $3.2M to Create Jobs and Preserve Affordable Housing in Pennsauken

Camden, NJ – January 24, 2014 – (RealEstateRama) — Last Wednesday, Congressman Andrews announced a $3.2 million grant from the Federal Home Loan Bank of New York (FHLB). According to the FHLB, the grant will create between 75 to 100 constructions jobs in South Jersey. The grant, part of the Transportation, Housing and Urban Development, and Related Agencies Appropriations Act 2013, will pay for the rehabilitation of a 304-unit affordable housing community in Pennsauken known as Sycamore Ridge, which is in critical need of upgrades and repairs to remain a viable and safe option for South Jersey families to live


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