NJAA Submits Support Statement for HUD's Approval of Christie Administration's $1.8 Billion CDBG Proposal

In response to HUD’s approval of the New Jersey Department of Community Affairs (DCA) Action Plan for the first tranche of federal CDBG funding, the New Jersey Apartment Association (NJAA) – the only statewide trade association representing owners, managers, builders, and developers of multi-family housing throughout New Jersey – issues the following statement.

“Federal approval of the Governor’s CDBG-DR Action Plan will provide a much-needed boost to on-going recovery efforts.  Rental homes were 28% of the primary residences damaged by the storm; these funds will help professional rental housing providers restore storm damaged apartment communities.”

To read the full statement, please click here.