HUD Awards $18.4 Million To Revitalize Severely Distressed Public Housing In Paterson

NEWARK, NJ – May 26, 2011 – (RealEstateRama) — U.S. Housing and Urban Development Deputy Secretary Ron Sims today awarded $18.4 million to revitalize the Alexander Hamilton development in Paterson, NJ. The high and low-rises formerly on the site will be replaced with 201 townhouse rental and for-sale units, as well as 70 off-site rental units for seniors. Sims made the announcement at the Paterson Housing Authority site, and was joined by Senator Frank Lautenberg, Congressman Bill Pascrell, Paterson Mayor Jeffrey Jones, and Paterson Housing Authority Executive Director Irma Gorham