CDE: New Jersey Community Loan Fund

To all NMTC Coalition Members: If you would like to add projects, a description of your CDE, or anything else to this page, contact Paul Anderson.

Recent Allocation Awards:

Project Profiles and Stories

MacMahon Student Center

Newark,
NJ
(2014)

Community, Retail, Retail and Commercial

CDE(s): Building America CDE, Chase, New Jersey Community Loan Fund

College Builds Bridge with Campus/Community Center

Hinchliffe Stadium Rehab

Paterson,
NJ
(2021)

Community, Restaurants and Catering, Retail and Commercial, Theaters and Performing Arts Spaces

CDE(s): Consortium America, New Jersey Community Loan Fund, RBC Community Development, USBCDE

NMTC financing will power reimagination of historic former Negro League baseball stadium in Paterson, N.J.

Newark Call Center

Newark,
NJ
(2013)

Mixed-use, Office, Professional Services, Retail, Retail and Commercial, Sandy

CDE(s): CCG Community Partners, New Jersey Community Loan Fund, USBCDE

NMTC financing supported the rehab and new construction of two modern, mixed-use buildings in order to retain and attract tenants that provide diverse services to the Newark community, in the

Second Street Youth Center

Plainsfield,
NJ
(2018)

Community, Daycare and Early Childhood, Shelters and Community Food, Timber and Agriculture, Youth and Families

CDE(s): Capital One, New Jersey Community Loan Fund

Early childhood educational and community center expands educational opportunities for Plainfield children.

Spruce Street Community Center

Lawrence,
NJ
(2015)

Boys and Girls Clubs, Community, Daycare and Early Childhood, Recreation, Youth and Families, Youth Program

CDE(s): New Jersey Community Loan Fund, Wells Fargo

NMTC financing supported the creation of the Spruce Street Community Center, a 35,000 sq. ft. multi-purpose facility open to any youth in greater Mercer County.

The Children’s Home Society of New Jersey

Trenton,
NJ
(2023)

Daycare and Early Childhood, Schools

CDE(s): New Jersey Community Loan Fund

New Spaces to Ensure New Jersey’s Youngest Residents Have Equitable Access to High Quality Early Development Opportunities

The Crossing at Brick Church

East Orange,
NJ
(2022)

FQHCs, Mixed-use

CDE(s): Dudley Ventures, Enterprise Community Partners, Local Initiatives Support Corporation, Mid-City Community CDE, New Jersey Community Loan Fund, PNC, The Reinvestment Fund, Urban Action Community Development

The Crossings at Brick Church Station is an urban, mixed-use redevelopment anchored by a 68,000 sq. ft. ShopRite Supermarket, 24,000 sq. ft. of retail space including 2,000 sq. ft. of

Newark Farmer’s Market

Newark,
NJ
(2013)

Community, Grocery and Fresh Food, Manufacturing, Retail, Retail and Commercial, Shelters and Community Food, Warehouse and Wholesale

CDE(s): CCG Community Partners, New Jersey Community Loan Fund, Urban America

One phase of a 180,000 sq.ft. food processing and distribution project with this phase consisting of 90,000 sq. ft.

The Children’s Home Society of New Jersey

Daycare and Early Childhood, Schools

CDE(s): New Jersey Community Loan Fund

New Spaces to Ensure New Jersey’s Youngest Residents Have Equitable Access to High Quality Early Development Opportunities

Philips Academy

Paterson,
NJ
(2022)

Schools

CDE(s): New Jersey Community Loan Fund, PNC

Development of a 63,000 sq. ft. school facility

KPIP Building 78 Annex

Kearny,
NJ
(2020)

Incubator

CDE(s): Capital One, New Jersey Community Loan Fund

Rehabilitation of the former “craneway” building adjacent to the Sponsor’s existing Building 78, which will result in 90,000 sq. ft. of flexible office space targeted to small business including businesses

Kearny Point Building 197

Kearny,
NJ
(2017)

Incubator, Manufacturing

CDE(s): GS New Markets Fund, New Jersey Community Loan Fund

A 130-acre former federal shipyard transformed into an environmentally sustainable business hub for innovation and economic growth.

Aerofarms – VEGS1

Newark,
NJ
(2018)

Timber and Agriculture

CDE(s): GS New Markets Fund, MBS Urban Initiatives, New Jersey Community Loan Fund

Improvement of a light industrial building and its temperature control systems to improve the operations of aeroponic vertical farming company; Industrial facility anchored by fresh food grower and distributor.

Resintech Moves Into East Camden with Talk of Neighborhood Revitalization and Manufacturing Jobs

Business Development, Manufacturing

CDE(s): Cinnaire New Markets, Consortium America, New Jersey Community Loan Fund

ResinTech

Camden,
NJ
(2019)

Business Development, Manufacturing

CDE(s): Cinnaire New Markets, Consortium America, New Jersey Community Loan Fund

Construction of new production facilties for Resintech, Inc. and ActionPak, Inc. ResinTech Inc’s facility in Camden, NJ was the first ion exchange resin manufacturing plant built in the U.S. in

Vallsburg Child Development

Newark,
NJ
(2010)

Community, Daycare and Early Childhood, Mixed-use, Youth and Families

CDE(s): New Jersey Community Loan Fund

The new Ivy Hill Preschool creates a place of beauty, a place where children would feel competent - and a place that is safe and nurturing.

CompleteCare Bridgeton Downtown Redevelopment

Bridgeton,
NJ
(2020)

Community, FQHCs, Healthcare, Rural

CDE(s): New Jersey Community Loan Fund

CompleteCare Health Network’s new 29,301 sq. ft. location, housed in downtown Bridgeton, NJ, will combine two current Bridgeton-based CompleteCare locations into one, as well as some services currently contained in

Paterson Habitat for Humanity

Paterson,
NJ
(2020)

Affordable Housing, Community, Habitat for Humanity, Housing

CDE(s): New Jersey Community Loan Fund

In 2020, the NMTC provided patient financing for the nonprofit to facilitate the construction of 14 scattered site, for-sale affordable housing units.

HCSC Camden

Camden,
NJ
(2020)

Business Development, Manufacturing

CDE(s): New Jersey Community Loan Fund

NMTC allocation for the renovation and equipment purchase to transform a vacant commercial building into an industrial laundry processing facility.

Newark Makerhoods-an Affordable Live/Work Community

Newark,
NJ
(2020)

Business Development, Community, Historic Rehabilitation, Incubator, Manufacturing

CDE(s): New Jersey Community Loan Fund

The Makerhood Campus is a combination of historic renovation and new construction meant to encourage and support entrepreneurial endeavors and micromanufacturing enterprises.

Boys & Girls Club of Paterson and Passaic

Paterson,
NJ
(2016)

Boys and Girls Clubs, Community, Daycare and Early Childhood, Recreation, Youth and Families

CDE(s): New Jersey Community Loan Fund

Renovation and expansion of two Boys and Girls club facilities.

Accurate Box

Paterson,
NJ
(2016)

Business Development, Manufacturing

CDE(s): CRFUSA, New Jersey Community Loan Fund

This project provided financing for Accurate Box, a manufacturer of boxes and a family, women-owned business with a commitment to one of the poorest communities in NJ

Little People At Work Preschool

Neptune,
NJ
(2007)

Community, Daycare and Early Childhood, Youth and Families

CDE(s): CRFUSA, New Jersey Community Loan Fund

Financing for a much-needed childcare center in Neptune, NJ.

Millville Arts Innovation Center

Millville,
NJ
(2016)

Adult Education, Business Development, College or Vocational Training, Community, Incubator

CDE(s): New Jersey Community Loan Fund

A new facility to house the expansion of Cumberland County College's arts and business education programs

Social Profit Center Mill One

Hamilton Township,
NJ
(2019)

Community, Housing, Mixed-use

CDE(s): New Jersey Community Loan Fund

NMTC financing supported the renovation of a portion of a historic former mill building (Condominium Units A and A1), located at 1 North Johnston Avenue, Hamilton Township, Mercer County, NJ

Baw Development Lands $94 Million in Construction Financing for Redevelopment of Hinchliffe Stadium

Community, Historic Rehabilitation, Housing

CDE(s): Consortium America, New Jersey Community Loan Fund, RBC Community Development, USBCDE

NMTC financing will power reimagination of historic former Negro League baseball stadium in Paterson, N.J.

Historic Mansion Neglected for Decades in Newark Slated to Become Artisan Housing

Business Development, Community, Historic Rehabilitation, Incubator, Manufacturing

CDE(s): New Jersey Community Loan Fund

The Makerhood Campus is a combination of historic renovation and new construction meant to encourage and support entrepreneurial endeavors and micromanufacturing enterprises.

Plainfield Second Street Youth Center Opens New Facility

Business Development, Community, Daycare and Early Childhood, Recreation, Timber and Agriculture, Youth and Families

CDE(s): Capital One, New Jersey Community Loan Fund

Early childhood educational and community center expands educational opportunities for Plainfield children.