Sen. Menendez Applauds HUD’s Amending CDBG Rules to Help Homeowners Already Rebuilding

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    By Newjersey RealEstateRama -

    WASHINGTON – August 1, 2013 – (RealEstateRama) — U.S. Senator Robert Menendez (D-NJ) today applauded the U.S. Department of Housing and Urban Development (HUD) for amending the rules pertaining to Community Development Block Grant (CDBG) funding by allowing New Jerseyans who have started rebuilding their homes to apply for CDBG funding. Previously, CDBG rules required homeowners to wait months for their application to get approved before they could even begin the process of rebuilding. This would have penalized homeowners who started the rebuilding process, and acted as a disincentive for the most expeditious Sandy recovery possible.

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