Menendez, Booker Announce Additional $45M in Final Phase of Federal ‘Hardest Hit’ Funding to Address NJ Foreclosure Crisis

U.S. Senators Bob Menendez and Cory Booker today announced the awarding of an additional $45,354,517 in Phase 2 funding from the U.S. Treasury’s Hardest Hit Fund (HHF) to assist financially-stressed New Jersey homeowners with mortgage modifications and refinancing to avert foreclosure and stay in their homes. New Jersey, which had the nation’s highest foreclosure rate in 2015, was awarded $69,231,301 in Phase 1 funding in February, for a total of $114,585,818 during this fifth and final round of allocations.