NEWARK, NJ – Newark has just received $ 88.3 million from the federal government to recover from the coronavirus pandemic, officials said Wednesday – and more are in the pipeline.

In Newark, the first wave of federal funds will be used to “stabilize the city’s finances due to lost revenue” and help local residents and small businesses who have suffered during the pandemic, Mayor Ras Baraka said.

The city will also use the funds to prioritize homelessness, affordable housing, and economic / food insecurity, Baraka explained.

Newark receives the most comprehensive aid from any Essex County town under the US rescue plan. The second highest sums are East Orange at $ 36.71 million and Irvington at $ 29.14 million.

“I thank President Biden and Vice President Harris for their dedication to Newark’s recovery and prosperity,” said Baraka.

“This is the latest move by the federal government in helping our economic recovery from the stress and damage caused by COVID-19,” added Baraka. “We will put these funds in the hands of the people in our city to relieve them and give them the financial instruments they need to restart our economy.”

Newark officials plan to hold a series of virtual community meetings on the city’s Facebook page to discuss more specific details on how the funds will be spent. They are set to the following dates: