About New Jersey Community Capital
New Jersey Community Capital: Creating Thriving Communities through Strategic Investments and Knowledge
New Jersey Community Capital (NJCC) is a non-profit community development financial institution that has been serving the state of New Jersey since 1987. NJCC's mission is to create thriving communities by providing strategic investments and knowledge to support affordable housing, small businesses, and community facilities.
NJCC's approach to community development is unique in that it combines financial expertise with a deep understanding of the needs of low-income communities. The organization provides loans, grants, technical assistance, and other resources to help individuals and organizations build assets, create jobs, and improve their quality of life.
One of NJCC's core programs is its affordable housing initiative. Through this program, NJCC provides financing for the acquisition, rehabilitation or new construction of affordable rental housing units for low- to moderate-income families. The organization also offers pre-development loans for developers looking to acquire land or buildings for future affordable housing projects.
In addition to its work in affordable housing, NJCC also supports small businesses through its lending program. The organization provides loans ranging from $10k-$500k for start-ups or existing businesses looking to expand their operations. These loans can be used for working capital needs such as inventory purchases or equipment upgrades.
Another key area where NJCC makes an impact is in supporting community facilities such as schools and healthcare centers. Through its facility financing program, NJCC provides funding for the construction or renovation of these critical institutions that serve low-income communities.
NJCC's success in creating thriving communities has not gone unnoticed. In 2019 alone they invested over $100 million into New Jersey neighborhoods resulting in over 1 million square feet developed space including more than 600 homes created/renovated; more than 200 jobs created/retained; more than $50 million leveraged from other sources; more than $20 million provided directly into underserved areas; nearly 2 dozen new partnerships formed with local organizations; nearly two dozen trainings held on topics ranging from real estate finance basics to advanced tax credit structuring techniques.
Overall New Jersey Community Capital has become a leader in community development finance due largely because they have been able leverage their expertise across multiple sectors including real estate finance & development as well as small business lending while maintaining focus on creating positive social outcomes within underserved areas throughout New Jersey.
In conclusion:
If you are looking for an organization that truly understands how strategic investments can make a difference in building thriving communities then look no further than New Jersey Community Capital (NJCC). With over three decades experience serving low-income neighborhoods throughout the state they have become one of the most respected non-profit lenders around today!
newjerseycommunitycapital.org
