will be funded under the Federal Community Disaster Block Grant (CDBG)
Disaster Recovery Program funds allocated to New Jersey by the US
Department of Housing and Urban Development (HUD).
The plan proposes a $535 million investment in infrastructure
which includes $210 million of funding to create an energy bank to fund
resiliency projects. This first phase is $65 million for water and waste
water facilities which would leave $145 million for the balance of the
project can receive a total of 40% in grant funds and the remaining 60%
with a 2% loan. This is better than the existing Combined Heat and Power
(CHP) grants which provide 20-30% of a project's cost. Projects must
choose between the Clean Energy-funded CHP grants and the ERB as they
cannot qualify for both.
The ERB is a extraordinary opportunity for critical facilities in NJ to
be able to implement resilient distributed generation which will also
enable them to generate significant cost savings. The source of funding
requires this to be fast tracked and it is incumbent on the eligible
entities to apply for and deploy these resources as quickly as possible
or this opportunity will be missed.
of the Draft Program Guide and Funding Guide are attached below:
ERB Program Guide