New Markets Tax Credit Coalition

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Cap Solar Opportunities Fund

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

Investor

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

A new community center for one of the poorest cities in America
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.
Development of a 63,000 sq. ft. school facility
Early childhood educational and community center expands educational opportunities for Plainfield children.