Title
Dept/ Agency: Economic and Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Application/Acceptance of Grant Funds
Purpose: Acceptance of grant funds from the United States Department of Housing and Urban Development for the production and preservation of affordable housing.
Entity Name: United States Department of Housing and Urban Development (HUD), CPD Congressional Grants Division
Entity Address: 451 7th Street, S.W., Room 7146, Washington, DC 20410
Grant Amount: $8,000,000.00
Total Project Cost: $0.00
City Contribution: $0.00
Other Funding Source/Amount: $0.00
Grant Period: Not Applicable
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale (X) Grant ( ) Sub-recipient ( ) n/a
List of Property: (if applicable)
(Address/Block/Lot/Ward)
Additional Information:
The Grant Agreement between the Department of Housing and Urban Development (HUD) and the City of Newark is made pursuant to the authority of the Consolidated Appropriations Act, 2022 (Public Law 117-103); and the Explanatory Statement for Division L of that Act, which was printed in the House section of the Congressional Record on March 9, 2022 (Explanatory Statement); and superseding provisions of the Consolidated Appropriations Act, 2023 (Public Law 117-328).
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WHEREAS, communities nationwide are suffering from a lack of affordable housing, and housing production is not meeting the increasing demand for accessible and available units in many urban and rural areas, particularly areas of high opportunity; and
WHEREAS, in March 2023, the United States Department of Housing and Urban Development (HUD) announced funding in the amount of Eight Million Dollars and Zero Cents ($8,000,000.00) through the Consolidated A...
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