County Receives $55,000 Housing Preservation Grant
(Woodbury, NJ) - Gloucester County Freeholders announced today that the County has received a $55,000 Housing Preservation Grant from the US Department of Agriculture. The Housing Preservation Grant (HPG) program provides funding for the repair or rehabilitation of low- and very low-income housing. The grants are competitive and are made available in areas where there is a concentration of need.
"This program helps income eligible homeowners make repairs to restore their homes to a satisfactory, safe and sanitary condition. Often times funding is used for emergency conditions, like no heat or no available running water, or to help make homes handicap accessible. It is truly a lifesaver for those who would not otherwise be able to afford necessary repairs to ones home," said Freeholder Director Stephen M. Sweeney.
The HPG funds received will be infused into the County's federally funded Owner Occupied Housing Rehabilitation Program that provides deferred no interest loans for recipient households. The policy goal for the use of funds is to repair or rehabilitate individual housing owned by very low- and low-income rural persons. Very low income is defined as below 50 percent of the area median income (AMI); low income is between 50 and 80 percent of AMI. A non-interest bearing lien is placed on properties in the program and full repayment of the loan is due when the property sells.
"This additional funding will allow the county to be able to rehabilitate an additional 10 to 15 homes," said Freeholder Joseph A. Brigandi, Jr. Brigandi said that the County was working on the rehabilitation of 40 homes in the county prior to receiving this funding. The county had allocated $415,339 toward home rehabilitation this year.
"This federal investment will help many Gloucester County residents and families who are facing hard times and find themselves in need," said Senator Robert Menendez. "New Jersey's families and children deserve to live in quality and safe homes, and I am glad the Housing Preservation Grant program will help accomplish this."
Howard Henderson, State Director for USDA Rural Development in New Jersey, said "We are pleased to partner our Housing Preservation Grant funds with Gloucester County for this important venture. Safe and decent housing is the cornerstone of all thriving, stable communities and these grant funds will enable many Gloucester County residents remove health and safety problems."
For information on how to apply for the Owner-Occupied Home Rehabilitation program call 384-6868.