Cap Solar Opportunities Fund

New Markets Tax Credit Coalition

Hackensack,
NJ
(2011)

Cap Solar Opportunities Fund

Energy, Loan Fund, Solar

Invests in solar for community action agencies and nonprofits, saving them on utilities.

Investment

NMTC Amount: $10,000,000
Total Project Cost: $10,000,000

IMPACT

3 FTE jobs

CDEs

Solomon Hess SBA Loan Fund

Investor

US Bank

Project Description

Invests in solar for community action agencies and nonprofits, saving them on utilities. Includes solar panels for the Greater Bergen County Community Action, with a mission to reduce poverty in communities served by Greater Bergen Community Action by addressing the causes and conditions of persistent economic insecurity.

MAP

Address: 392 Main Street, Hackensack, NJ 7601

Census Tract: 34003023100

Other New Jersey Projects

Urban League of Essex Housing

Newark,
NJ
(2023)

Housing

CDE(s): National Community Investment Fund

Eight new homes for low-and-moderate-income families in Newark, NJ

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.

Salvation Army Kroc Community Center

Camden,
NJ
(2014)

Adult Education, College or Vocational Training, Community, Culinary Entrepreneurship, Daycare and Early Childhood, Healthcare, Mixed-use, Salvation Army, Shelters and Community Food, Theaters and Performing Arts Spaces, Youth and Families

CDE(s): Brownfield Revitalization, New Jersey Redevelopment Authority, United Fund Advisors

A new community center for one of the poorest cities in America

Halsey Street Teachers Village Workforce Housing A

Newark,
NJ
(2012)

Community, Daycare and Early Childhood, Grocery and Fresh Food, Housing, Mixed-use, Retail, Retail and Commercial, Workforce Housing, Youth and Families, Youth Program

CDE(s): Bank of America, Building America CDE, Carver National Bank, GS New Markets Fund, National Community Investment Fund

The $64 million Halsey Street Workforce Housing project was the second phase of a larger Teachers Village development designed to revitalize downtown Newark, one of the country's most economically depressed