Nellie Pou (D-NJ09)

Tax Staffer: Amanda Guiliano, amanda.guiliano@mail.house.gov.

District Highlights

19 projects
167,331,456 in NMTC allocation
337,728,111 total project financing
1,131 FTE jobs created or retained
1,385 construction jobs created

19

projects

$167,331,456

NMTC Allocation

$337,728,111

in total project financing

1,131

FTE jobs

1,385

construction jobs

NMTC Project Profiles (Inside the District)

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.

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

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.

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