New Jersey Data and Stories

State Fact Sheet

Map of Selected Projects in New Jersey

Community Testimonials

[The NMTC] provides a meaningful subsidy to create affordable home ownership opportunities, particularly for families of color.

-Jeffrey Crum, Community Asset Preservation Corporation, New Brunswick, New Jersey

Selected Projects in New Jersey

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

The Children’s Home Society of New Jersey

Trenton,
NJ
(2023)

Daycare and Early Childhood, Schools

CDE(s): New Jersey Community Loan Fund

New Spaces to Ensure New Jersey’s Youngest Residents Have Equitable Access to High Quality Early Development Opportunities

Lendistry Fund – Black Paper Party Project

Jersey City,
NJ
(2023)

CDE(s): USBCDE

Black Paper Party is an MWBE seeking working capital and debt refinancing to continue to provide holiday gift wrapping solutions.

The Crossing at Brick Church

East Orange,
NJ
(2022)

FQHCs, Mixed-use

CDE(s): Dudley Ventures, Enterprise Community Partners, Local Initiatives Support Corporation, Mid-City Community CDE, New Jersey Community Loan Fund, PNC, The Reinvestment Fund, Urban Action Community Development

The Crossings at Brick Church Station is an urban, mixed-use redevelopment anchored by a 68,000 sq. ft. ShopRite Supermarket, 24,000 sq. ft. of retail space including 2,000 sq. ft. of

Philips Academy

Paterson,
NJ
(2022)

Schools

CDE(s): New Jersey Community Loan Fund, PNC

Development of a 63,000 sq. ft. school facility

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.

CompleteCare Bridgeton Downtown Redevelopment

Bridgeton,
NJ
(2020)

Community, FQHCs, Healthcare, Rural

CDE(s): New Jersey Community Loan Fund

CompleteCare Health Network’s new 29,301 sq. ft. location, housed in downtown Bridgeton, NJ, will combine two current Bridgeton-based CompleteCare locations into one, as well as some services currently contained in

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.

HCSC Camden

Camden,
NJ
(2020)

Business Development, Manufacturing

CDE(s): New Jersey Community Loan Fund

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

Newark Makerhoods-an Affordable Live/Work Community

Newark,
NJ
(2020)

Business Development, Community, Historic Rehabilitation, Incubator, Manufacturing

CDE(s): New Jersey Community Loan Fund

The Makerhood Campus is a combination of historic renovation and new construction meant to encourage and support entrepreneurial endeavors and micromanufacturing enterprises.

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

ResinTech

Camden,
NJ
(2019)

Business Development, Manufacturing

CDE(s): Cinnaire New Markets, Consortium America, New Jersey Community Loan Fund

Construction of new production facilties for Resintech, Inc. and ActionPak, Inc. ResinTech Inc’s facility in Camden, NJ was the first ion exchange resin manufacturing plant built in the U.S. in