DCA’s – $31.5 Million Grants in Federal Funding for Small Businesses and Rental Assistance

News Image

DCA Announces that New Jersey Receives an Additional $31.5 Million in Federal Funding for State’s COVID-19 Response - https://nj.gov/governor/news/news/562020/approved/20200511b.shtml

Assistance Comes from Second Round of Community Development Block Grant CARES Act Funding

TRENTON, NJ – The New Jersey Department of Community Affairs (DCA) today announced that the State of New Jersey received $31,511,487 from the second round of Community Development Block Grant (CDBG) CARES Act funding allocated by the federal government. Today’s CDBG funding allocation is in addition to the $4 million the State of New Jersey received on April 2, 2020. Both funding rounds are helping the State respond to public health, housing, and economic disruption needs that have arisen as a result of the coronavirus pandemic. 

“More than $31.5 million in funding is an incredibly important resource for the State to have in the midst of this unprecedented pandemic,” said Lt. Governor Sheila Y. Oliver, who serves as DCA Commissioner. “We are grateful for the assistance and look forward to putting the money to use as quickly as possible. We also appreciate that our federal partners are allowing the State more flexible use of this funding, which will enable us to fully maximize it in our COVID-19 response.”  

The CARES Act requires the U.S. Department of Housing and Urban Development (HUD) to allocate the second round of CDBG funding to state and insular area governments (i.e., U.S. territories that are not one of the 50 states) by May 11, 2020. 

The second round of allocations can be used for such activities as buildings and improvements, assistance to businesses, rental assistance, increased public services, planning, capacity building, and technical assistance. 

For more information on COVID-19 resources, visit https://covid19.nj.gov/.

DCA offers a wide range of programs and services, including affordable housing production, fire safety, building safety, community planning and development, local government management and finance, and disaster recovery.