HCSC Camden

NMTC allocation for the renovation and equipment purchase to transform a vacant commercial building into an industrial laundry processing facility.

Investment

  • NMTC Amount: $8,000,000
  • Total Project Cost: $15,728,291

IMPACT

  • 125 FTE jobs
  • 40 construction jobs

Investor

Project Description

NMTC allocation for the renovation and equipment purchase to transform a vacant commercial building into an industrial laundry processing facility. The laundry facility provides services to hospitals and clinics in the region.

MAP

Address: 2224 South Broadway, Camden, NJ 8104

Census Tract: 34007601800

Other New Jersey Projects

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

Rehabilitation of the abandoned Labor Bank Building.

Improvement of a light industrial building and its temperature control systems to improve the operations of aeroponic vertical farming company; Industrial facility anchored by fresh food grower and distributor.

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