Frank Pallone (D-NJ06)

Tax Staffer: James Johnson, james.johnson@mail.house.gov.

District Highlights

8 projects
128,991,311 in NMTC allocation
374,264,692 total project financing
727 FTE jobs created or retained
1,362 construction jobs created

8

projects

$128,991,311

NMTC Allocation

$374,264,692

in total project financing

727

FTE jobs

1,362

construction jobs

NMTC Project Profiles (Inside the District)

550 Cookman Avenue

Asbury Park,
NJ
(2010)

Historic Rehabilitation, Mixed-use

CDE(s): Capital One

Built in 1937, 550 Cookman Avenue is a shining example of Asbury Park’s art deco history. NMTC financing supported restoreation of this unique building, with careful consideration taken with its

Robert Wood Johnson Fitness and Wellness Center

New Brunswick,
NJ
(2011)

Community, Grocery and Fresh Food, Housing, Infrastructure, Mixed-use, Recreation, Retail, Retail and Commercial, Transit Oriented Development, Transportation and Ports, YMCAs and YWCAs

CDE(s): CCG Community Partners, Wells Fargo, WNC National Community Development Advisors

Transformation of an underutilized downtown New Brunswick site into a major transit-oriented, mixed-use facility focused on community health.

975 High Street

Perth Amboy,
NJ
(2015)

Business Development, Disaster Recovery, Manufacturing, Sandy, Warehouse and Wholesale

CDE(s): CCG Community Partners

Adler Development, LLC renovated a 109,720 sqft warehouse that was severely damaged by Hurricane Sandy on October 29, 2012.

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.

Projects Nearby the District

Plainsfield, NJ (2018)

Second Street Youth Center

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Projects Nearby the District

Plainsfield, NJ (2018)

Second Street Youth Center

View Details