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Affordable housing projects in Jersey City get federal grants
Home away from home
Affordable housing projects in Jersey City, Bayonne and Weehawken will share in $3.3 million in federal grants
February 09, 2012, 3:00 AM
By The Jersey Journal
A number of Hudson County housing projects have received a total of $3.3 million in grants from the Federal Home Loan Bank of New York, with $1 million alone going to help convert a vacant Jersey City building into 67 units of housing for low-income seniors.
Other grant recipients include the Glennview Townhouses II project, which will receive $900,000 to build 64 mixed-income rental units in Jersey City; Bayonne Transit Oriented Workforce Family Housing, 46 apartments on the site of a former gas station that is set to receive $900,000; and the Weehawken Senior Housing Rehabilitation Corp., 28 Park Avenue apartments for low-income seniors that will nab $504,000.
Jersey City Mayor Jerramiah Healy said the city is “pleased” to be recognized as a place to invest in affordable housing.
“The Jersey City Housing Authority has been recognized for their leadership in transforming public housing from a place of last resort to a true community,” Healy said. “We thank the Federal Home Loan Bank of New York for their continued support of Jersey City.”
The Federal Home Loan Banks are government-sponsored banks that lenders use to fund housing for moderate- and low-income families.
Posted on: 2012/2/9 12:24