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Untitled Document
ESSEX COUNTY
DIVISION OF HOUSING
AND COMMUNITY DEVELOPMENT
PUBLIC NOTICE
NEIGHBORHOOD STABILIZATION PROGRAM 3 (NSP3) RECOMMENDATIONS ESSEX COUNTY DIVISION OF HOUSING & COMMUNITY DEVELOPMENT (DHCD)
October 5, 2011
Pursuant to federal regulations published in the Federal Register at 75 FR 64322 and regarding Title III of the Housing and Economic Recovery Act of 2008, as amended, and in accordance with Title XII of Division A of the American Recovery Act of 2009, as amended, additional funds were allocated under Section 1497 of the Wall Street Reform and Consumer Protection Act of 2010, for the "Neighborhood Stabilization Program 3 (NSP3)". Essex County DHCD recommends the funding of two NSP3 activities by offering NSP3 agreements to the agencies that successfully applied. NSP3 agreements will be funded under the County’s NSP3 allocation received from the U.S. Department of Housing and Urban Development:
MULTI- FAMILY FORECLOSURE ACQUISITION, RE-DEVELOPMENT AND RENTAL
Agency Name |
Recommended Funding Amount
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RPM Development LLC - Central Village I
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$1,106,786
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Agency Name
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Recommended Funding Amount
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Orange Housing Development Corp, a subsidiary of the Housing Authority of the City of Orange
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$560,000
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Grand Total:
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$1,666,786
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Beginning October 5, 2011, Essex County hereby invites citizens to comment upon the proposed funding recommendations referenced above. To comment or for more specific information, please contact the Essex County Division of Housing & Community Development, 20 Crestmont Road, Verona, NJ 07044, (973) 655-0200, by October 20, 2011.
The period for comments or inquiries regarding the above-referenced funding recommendations shall begin on October 5, 2011, and shall end on October 20, 2011 as stated above.
JOSEPH N. DIVINCENZO, JR GEORGE F. SERIO, JR.
COUNTY EXECUTIVE DEPUTY DIRECTOR
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