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P000096-2

Bill Pascrell (D-NJ09)

Tax Staffer: Christopher Hadad, christopher.hadad@mail.house.gov. Last updated: 07/17/2024

Congressman Pascrell (D-NJ) Attends Groundbreaking for Hinchliffe NMTC Project

Congressman Bill Pascrell (D-NJ) attends a groundbreaking for the revitalization of the Hinchliffe Stadium

District Highlights (Through 2022)

  • 18 projects
  • 139,331,456 in NMTC allocation
  • 304,836,934 total project financing
  • 1,040 FTE jobs created or retained
  • 1,242 construction jobs created

18

projects

$139,331,456

NMTC Allocation

$304,836,934

in total project financing

1,040

FTE jobs

1,242

construction jobs

NMTC Project Profiles (Inside the District)

Philips Academy (2022)

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

KPIP Building 78 Annex (2020)

Kearny, NJ

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

Hinchliffe Stadium Rehab (2021)

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

Paterson Habitat for Humanity (2020)

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

Boys & Girls Club of Paterson and Passaic (2016)

Paterson, NJ
Renovation and expansion of two Boys and Girls club facilities.

Accurate Box (2016)

Paterson, NJ
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

Projects Nearby the District

Hackensack, NJ (2011)

Cap Solar Opportunities Fund

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Newark, NJ (2005)

Renovation of 570 Broad

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Newark, NJ (2013)

Newark Call Center

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Newark, NJ (2019)

Newark Arts Commons

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Newark, NJ (2013)

Newark Farmer’s Market

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Projects Nearby the District

Hackensack, NJ (2011)

Cap Solar Opportunities Fund

View Details

Newark, NJ (2005)

Renovation of 570 Broad

View Details

Newark, NJ (2013)

Newark Call Center

View Details

Newark, NJ (2019)

Newark Arts Commons

View Details

Newark, NJ (2013)

Newark Farmer’s Market

View Details