January 28, 2019 - DCA Awards Grants for Neighborhood Revitalization Projects in New Jersey
FOR IMMEDIATE RELEASE: Mondday, January 28, 2019
A Total of $9.76 Million Awarded to 16 Non-profits for Housing and Economic Development Activities
TRENTON, NJ – The New Jersey Department of Community Affairs (DCA) today announced $9.76 million in grant awards to community-based non-profit organizations through the Neighborhood Revitalization Tax Credit (NRTC) program. Through NRTC, corporations receive an 80 percent tax credit against various state taxes in return for their investment in revitalizing low- and moderate-income communities. DCA’s Division of Housing and Community Resources administers the program and ensures that the corporate funding is allocated to non-profits for implementation of neighborhood revitalization plans.
“The NRTC program is designed to help foster community revitalization efforts in some of New Jersey’s most distressed neighborhoods,” said Lt. Governor Sheila Y. Oliver, who also serves as Commissioner of DCA. “We are seeing great progress across the state with projects that successfully rehabilitate and convert vacant buildings and lots into community assets like mixed-income apartments, public gardens, and technology learning labs for enrichment programs. Every NRTC grant supports the community’s vision and helps our non-profit partners to implement creative plans that benefit neighboring residents.”
Program funds are used by neighborhood-based non-profit organizations that have prepared, submitted and received approval from DCA for a revitalization plan for the neighborhood it serves. The funds must be used by the eligible organizations for projects and activities that will implement the goals and strategies of the approved neighborhood plan.
Some of the possible uses of funds by the NRTC grant recipients include:
- Construction and rehabilitation of housing units
- Creation of commercial facilities
- Assistance to small businesses and microenterprises
- Employment training
- Child care
- Infrastructure improvements
- Open space improvements
- Social and community services
- Recreation activities
- Crime prevention activities
- Community outreach activities
The following are the 18 approved project awards for 2019:
Applicant Organization |
Project Name |
Funding Amount |
City |
Neighborhood |
Contributing Companies |
Catholic Charities, Diocese of Metuchen |
Unity Square 2018 |
$299,250 |
New Brunswick |
Unity Square |
Investors Bank, Janssen Pharmaceuticals, Provident Bank |
Community Loan Fund of New Jersey, Inc. |
East Trenton Collaborative 2019 |
$985,000 |
Trenton |
East Trenton |
Customers Bank, NJM Insurance, PNC Bank, PSE&G |
Cooper's Ferry Partnership |
Cramer Hill NOW! 2019 Revitalization Projects |
$981,464 |
Camden |
Cramer Hill |
N.J. American Water |
Elizabeth Development Company of New Jersey |
Elizabethport Housing and Services |
$650,000 |
Elizabeth |
Elizabethport |
Horizon Healthcare, Investors Bank, Valley National Bank |
Garden State Episcopal Community Development Corp. |
I Love Greenville Community Plan 2018 |
$719,750 |
Jersey City |
Greenville |
Horizon Healthcare, Investors Bank, M&T Bank, Provident Bank, Valley National Bank |
HANDS, Inc. |
Makers Mark |
$537,975 |
Orange |
Valley |
Horizon Healthcare, Investors Bank, PNC Bank, Valley National Bank |
HANDS, Inc. |
History Lives Here |
$368,750 |
Orange |
Heart of Orange |
Horizon Healthcare, Investors Bank, Provident Bank, Valley National Bank |
Holly City Development Corporation |
Building Health and Wealth |
$100,000 |
Millville |
Center City |
PNC Bank |
Interfaith Neighbors Inc |
Project VIII |
$281,036 |
Asbury Park |
West Side |
M&T Bank, N.J. American Water, Provident Bank |
Isles, Inc. |
OTN 2019 |
$746,250 |
Trenton |
Old Trenton |
NJM Insurance, PSE&G |
Isles, Inc. |
THDC 2019 |
$450,000 |
Trenton |
THDC (West Ward) |
Horizon Healthcare, PSE&G |
Jewish Renaissance Foundation, Inc. |
PAAC 2019 |
$125,000 |
Perth Amboy |
Greater Budapest |
Investors Bank |
New Jersey Community Development Corp |
Paterson Youth Performing Arts Center |
$985,000 |
Paterson |
Greater Spruce St |
Horizon Healthcare, M&T Bank, PSE&G, Valley National Bank |
Parkside Business & Community In Partnership |
Revitalization of the Parkside Neighborhood |
$689,500 |
Camden |
Parkside |
Campbell Soup Company |
Paterson Habitat for Humanity |
Northside Homes, Parks & Microenterprises |
$985,000 |
Paterson |
Northside |
Boiling Springs Savings Bank, Kontos Foods, Lakeland Bank, Provident Bank, PSE&G, Railroad Construction Co, Sealy Mattress, Thomson Reuters |
Saint Joseph's Carpenter Society |
My East Camden, Wave 6 |
$216,875 |
Camden |
East Camden |
Kontos Foods, M&T Bank |
The Cooper Health System |
Housing and Economic Development Phase VII |
$390,500 |
Camden |
Cooper Plaza |
Horizon Healthcare, NJM Insurance, PNC Bank |
Urban League of Essex County |
Fairmount Neighborhood Advancement, Phase IV |
$250,000 |
Newark |
Fairmount |
Horizon Healthcare |
The Division of Housing and Community Resources helps to strengthen and revitalize communities through the delivery of affordable housing, supportive services, and financial and technical assistance to communities, local government, and community organizations. For more information on the Neighborhood Revitalization Tax Credit program, visit http://www.nj.gov/dca/divisions/dhcr/offices/nrtc.html.
Established in 1967, DCA offers a wide range of programs and services that respond to issues of public concern including affordable housing production, fire and building safety, community planning and development, local government management and finance, and disaster recovery.
For more information about DCA, visit: www.nj.gov/dca/
CONTACT:
Tammori Petty
Gina Trish
Lisa Ryan
(609) 292-6055