Newark to receive nearly twice as much from Sandy program as Shore areas, report says

By Erin O'Neill/The Star-Ledger
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on March 30, 2014


A $30 million program aimed at creating affordable housing in communities impacted by Hurricane Sandy has so far set aside nearly twice as much funding for Newark than two Jersey Shore counties pummeled by the storm, according to a report.

Though no funding has been distributed yet, The Asbury Park Press reports that the state-administered Neighborhood Enhancement Program plans to send $6.6 million for projects in Newark. Ocean and Monmouth counties are set to receive $1.3 million and $2.3 million, respectively.

Lisa Ryan, a spokeswoman for the state Department of Community Affairs, told the Asbury Park Press more grants were awarded in Essex County because more developers with active projects applied from that area.

The program — available to nonprofit and for-profit developers — provides no-interest loans of $250,000 per unit for affordable housing projects.

The Star-Ledger reported in February that millions of dollars in federal housing aid for Sandy victims had gone to projects far from the most-impacted communities.

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