NJAA Submits Comments In Support of DCA’s $1.8 B Sandy Recovery Proposal
March 19, 2013
NJAA submitted comments to the New Jersey Department of Community Affairs (DCA) applauding the efforts of the DCA to develop a comprehensive action plan for putting federal disaster relief dollars to productive use in our most impacted communities.
The Disaster Relief Appropriations Act of 2013, signed into law by President Obama on January 29, 2013, appropriated $16 billion in the Community Development Block Grant Disaster Recovery (CDBG-DR) program, of which, the U.S. Department of Housing and Urban Development’s ("HUD") has allocated $5.4 billion. These funds have been awarded to New Jersey in addition to four other states and New York City. This proposed Action Plan allocates $1.8 billion -- New Jersey’s portion of the initial funding – to various programs to spur redevelopment and recovery from the effects of the storm. Consistent with purpose of the CDBG-DR program, this plan would have a tremendous impact on satisfying unmet needs in our most impacted counties and our low- and moderate- income populations.
The proposal would provide $254.2 million directly toward rental housing programs with substantial additional funding going to programs that will have an ancillary benefit to rental housing (e.g. $500 million in economic development and $116 million in support to local governing bodies).
NJAA did offer specific recommendations to the DCA to better support recovery of lost rental housing in our most impacted communities.
Please click here to download our formal comments on the DCA Action Plan.