Further highlighting New Jersey Community Capital's commitment to transparency, high standards, and results-oriented community development ventures, the organization was recently awarded a strong rating from CARS™, the Community Development Financial Institution (CDFI) Assessment and Rating System. CARS™ is an independent rating process by expert underwriters in the field that evaluate every aspect of CDFIs, from their fiscal strength to the impact of their work in distressed communities. 

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For more information on CARS™ click here.

New Jersey Community Capital and its subsidiary Community Asset Preservation Corporation (CAPC) are at the forefront of rebuilding neighborhoods ravaged by the recent foreclosure and credit crisis.  Seeing how the severe shortage of accessible, flexible capital needed to acquire, rehabilitate and return neglected properties to productive reuse was holding communities hostage, NJCC and CAPC jumped in and developed a full spectrum of foreclosure prevention, mitigation and financing strategies that are now turning these abandoned properties into affordable homes.  It is this innovation and leadership that is earning NJCC and CAPC national recognition from prominent organizations like the National Community Stabilization Trust. The NCST is a national nonprofit that supports similar large scale ventures that link community development entities with financial institutions to reclaim neighborhoods hard hit by foreclosure.    

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For more information on NCST's First Look REO program click here.

New Jersey Community Capital's Partners: Working Together for Change

New Jersey Community Capital's impact is vast and lasting thanks to the dedicated partners who work with us to deliver inventive community development solutions that change lives for the better.  From increasing quality education options and fostering economic development to providing supportive housing and giving more families access to affordable and safe homes, we are proud of every one of our ventures that seek to create wealth and well-being in New Jersey's underserved communities.

One partner with whom NJCC is particularly honored to be working alongside is Declarations, Inc., a non-profit in Monmouth County that provides community-based services to individuals with developmental disabilities and mental illness throughout New Jersey. On March 15, New Jersey Community Capital closed a $305,000 bridge acquisition loan that enabled Declarations to secure financing from the State to acquire five mobile home units in Eatontown, NJ.  These converted units will create permanent supportive housing for nine very low-income individuals with special needs.

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Invest in Change: Join Us in Making a Lasting Positive Impact

New Jersey Community Capital's high impact projects, which are moving the state's most vulnerable communities forward, would not be possible without the financial support of our socially-conscious partners, including individuals, corporations, financial institutions, foundations and religious organizations. Their generous charitable contributions and investments give us the means to create the innovative financial solutions that are the foundation of our sustainable community development ventures.

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For more information on how to become our partner and make a real difference in communities throughout New Jersey, please contact Doris E. Harris, 609.989.7766 x102 or dharris@njclf.com.

New Jersey Community Capital in the News    

New Jersey Community Capital Awarded Grant from NJ Association of REALTORS® Housing Opportunity Foundation, Inc.

New Jersey Community Capital recently received a $25,000 grant from NJ Association of REALTORS® Housing Opportunity Foundation (NJAROF) to continue efforts to expand affordable housing options throughout New Jersey.  NJAROF has long been a supporter of NJCC's affordable housing efforts, awarding nearly $270,000 to the organization over the last seven years for the construction and rehabilitation of hundreds of affordable housing units throughout the state.

Mayor Booker, Shaquille O'Neal, and Partners Including NJCC to Announce Newark Screens Redevelopment

What do you get when you put together basketball star and entrepreneur Shaquille O'Neal with the City of Newark, New Jersey's Economic Development Authority, Goldman Sachs, New Jersey Community Capital and other socially-conscious investors?  Newark Screens-an exciting redevelopment project that will add 20,000 square feet to the Newark Screens theater in the City's Central Ward.  NJCC, in collaboration with public and private partners, helped financed the economic development project that will serve as a key component to revitalization efforts in the neighborhood and create 40 construction and 20 permanent theater jobs for Newark residents when completed.

NJCC to Administer Commercial Funding to Businesses for Camden's new energy program encourages self-improvements through loans and rebates

The City of Camden is offering business owners and residents an incentive to take on energy improvements.  The new program-Camden POWER-provides access of up to $16,000 in forgivable loans and rebates for projects that make homes and businesses in the City more energy efficient.  New Jersey Community Capital has been chosen by the City to administer the commercial funding to business owners who retrofit their establishments.