NJ Gov. Commits $135M To Post-Sandy Affordable Housing

Law360, New York (August 15, 2013, 8:20 PM EDT) -- New Jersey Gov. Chris Christie’s administration said Thursday it has committed $135 million in federal aid money to the development of thousands of affordable housing units to replace those lost to Superstorm Sandy, an effort projected to create over 5,000 jobs.

According to a Thursday press release, the money will come from federal Community Development Block Grant Disaster Recovery Funds, and be used to create around 2,250 affordable housing units to restore multi-family and special needs housing that was destroyed in the storm. The housing will...
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