Paterson Habitat for Humanity

New Markets Tax Credit Coalition

Paterson,
NJ
(2020)

Paterson Habitat for Humanity

Affordable Housing, Community, Habitat for Humanity, Housing

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

Investment

NMTC Amount: $5,250,000
Total Project Cost: $5,250,000

IMPACT

21 FTE jobs
25 construction jobs
Approximately 14 families served

CDEs

New Jersey Community Loan Fund

Investor

Wells Fargo

Voices from the Community

[The NMTC] helps us to better serve families needing a decent home in the most distressed areas in our neighborhood.

-Oscar Bashualdo, Controller, Paterson Habitat for Humanity, Paterson, New Jersey

Project Description

Paterson Habitat for Humanity is a nonprofit organization that helps families build a place to call home. In 2020, the NMTC provided patient financing for the nonprofit to facilitate the construction of 14 scattered site, for-sale affordable housing units.