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Grant: NEWARK, NEW JERSEY, CITY OF, (INC)

Primary Recipient

NEWARK, NEW JERSEY, CITY OF, (INC)

Amount

$20,759,155.00

Award Date

2/11/2010

Administering Agency

Housing and Urban Development, Department of

CDFA Number

14.256

CDFA Program Title

Neighborhood Stabilization Program (Recovery Act Funded)

Description

The Newark/Essex County Consortium was awarded an amount of $20,759,155 in NSP2 funds to acquire, rehabilitate or redevelop approximately 287 foreclosed, abandoned or vacant units in 11 targeted neighborhoods in five cities; of this, approximately 90 unit

Recipients Connected to Award

Recipient Role Amount
EPISCOPAL COMMUNITY DEVELOPMENT, INC. Sub-recipient $3,445,000.00
Make It Right Foundation Sub-recipient $3,185,000.00
R P M Development Corp Sub-recipient $2,860,000.00
MICHAEL DEVELOPMENT COMPANY I, LP Sub-recipient $1,885,000.00
Fairmount Heights Development Sub-recipient $1,690,000.00
NEWARK, NEW JERSEY, CITY OF, (INC) Primary recipient $1,487,155.00
BRAND NEW DAY INC Sub-recipient $1,300,000.00
Don Pedro Development Corp Sub-recipient $1,170,000.00
EAST ORANGE, CITY OF Sub-recipient $1,105,000.00
COMMUNITY LOAN FUND OF NEW JERSEY, INC Sub-recipient $617,000.00
HOUSING AND NEIGHBORHOOD DEVELOPMENT SERVICES, INC Sub-recipient $585,000.00
UNIFIED VAILSBURG SERVICE ORGANIZATION INC Sub-recipient $585,000.00
IRONBOUND COMMUNITY CORPORATION Sub-recipient $585,000.00
Homes of Montclair Ecumenical Corp Sub-recipient $260,000.00