DCA Awards Record Amount of Neighborhood Revitalization Tax Credit Program Funding to Benefit 19 Neighborhoods across New Jersey

  • Posted on: 03/29/2022

Total of $14.25 Million Awarded to 19 Nonprofit Organizations to Rejuvenate the Neighborhoods They Serve

TRENTON, NJ – The New Jersey Department of Community Affairs (DCA) today announced $14.25 million in funding awards to 19 community-based nonprofit organizations across the state through the Neighborhood Revitalization Tax Credit (NRTC) Program. This is the largest amount of NRTC funding ever awarded, and also the most organizations to receive funding from the annual NRTC project application cycle. The nonprofit organizations will use the funding to implement revitalization plans that address housing and economic development, as well as complementary activities such as social services, recreation programs, employment training, and open space improvements.

“The Neighborhood Revitalization Tax Credit Program is a long-standing DCA initiative that flat out works. Year in and year out, it delivers demonstrable results in improving neighborhoods that are vulnerable to decline,” said Lt. Governor Sheila Oliver, who serves as DCA Commissioner. “We are incredibly proud to administer this program, which helps promote corporate social responsibility. By connecting corporations with meaningful neighborhood projects, residents and small businesses are reaping the rewards of these symbiotic partnerships. We look forward to seeing all the good that comes from these revitalization efforts.”  

The NRTC Program, which is administered by DCA’s Division of Housing and Community Resources, is designed to spur the renewal of neighborhoods at risk of experiencing a downturn. It accomplishes this through strategies developed by local residents and community-based nonprofit organizations that assist them, as well as through financial contributions from corporations.

The community organizations prepare, submit, and receive approval from DCA for multi-year revitalization plans for the neighborhoods they serve. The corporations contribute funding to the NRTC Program and in return receive a 100 percent tax credit against various New Jersey state taxes. Every year, projects from the approved revitalization plans are listed in a qualified projects pool from which corporations choose the ones they want to financially support.

The NRTC funds must be used by the nonprofit organizations for projects and activities that will implement the goals of the approved neighborhood plans.

Possible uses of NRTC funds by the nonprofit organizations include: 

  • Construction and rehabilitation of affordable housing units;
  • Creation of commercial facilities;
  • Assistance to small businesses and microenterprises;
  • Employment training;
  • Open space improvements;
  • Social and community services;
  • Recreation activities;
  • Crime prevention activities; and
  • Community outreach activities.

The following neighborhoods are benefitting from FY 2022 NRTC funding awards:



Nonprofit Organization

Contributing Companies

Funding Amount

Atlantic City


Atlantic City Development Corporation

Fulton Bank, Wells Fargo Bank


Atlantic City


AtlantiCare Foundation

Horizon Healthcare Services, Knife and Fork LLC, OceanFirst Bank, TD Bank


Atlantic City


Atlantic County Economic Alliance

Fulton Bank, Parke Bank



Cramer Hill

Camden Community Partnership

14 Sbar LLC, Holman Enterprises, Horizon Healthcare Services, NJ Casualty Insurance, OceanFirst Bank, Wells Fargo Bank



East Camden

Saint Joseph’s Carpenter Society

14 Sbar LLC, Campbell Soup Company



North Camden

Camden Lutheran Housing, Inc.

NJ American Water, Subaru of America




Parkside Business & Community in Partnership, Inc.

Campbell Soup Company, M&T Bank, Subaru of America



Historic Midtown

Elizabeth Development Company

Valley National Bank, Wells Fargo Bank


Jersey City


Garden State Community Development Corporation

Horizon Healthcare Services, Provident Bank, TD Bank



Center City

Holly City Development Corporation

Holman Enterprises, OceanFirst Bank, TD Bank



Lincoln Park

Lincoln Park Coast Cultural District, Inc.

Horizon Healthcare Services, M&T Bank, Provident Bank, Valley National Bank




Urban League of Essex County

Horizon Healthcare Services, Lakeland Bank, Valley National Bank


New Brunswick


New Brunswick Tomorrow

Horizon Healthcare Services, M&T Bank, NJ Casualty Insurance, Provident Bank


New Brunswick

Unity Square

Catholic Charities, Diocese of Metuchen

Horizon Healthcare Services, TD Bank



Great Falls/ Spruce Street

New Jersey Community Development Corporation

Lakeland Bank, Sterling National Bank




Paterson Habitat for Humanity, Inc.

Columbia Bank, Horizon Healthcare Services, Lakeland Bank, M&T Bank, Provident Bank, TD Bank, Valley National Bank, Wells Fargo Bank


Perth Amboy


Jewish Renaissance Foundation, Inc.

Amerigroup NJ, Provident Bank, Valley National Bank



East Trenton

Community Loan Fund of New Jersey, Inc.

Amerigroup NJ, CURE Insurance, Customers Bank, NJM Insurance, NJ PURE Insurance



Old Trenton

Isles, Inc.

Holman Enterprises, Horizon Healthcare Services, NJM Insurance


More information about the Neighborhood Revitalization Tax Credit program can be found at https://www.nj.gov/dca/divisions/dhcr/offices/nrtc.html

The Division of Housing and Community Resources is committed to strengthening neighborhoods through the delivery of affordable housing and supportive services and to providing financial and technical assistance to municipalities, community action agencies, and other nonprofit organizations for community and economic development projects that improve the quality of life for residents, especially those who are vulnerable and disadvantaged.

DCA offers a wide range of programs and services, including local government management and finance, affordable housing production, fire safety, building safety, community planning and development, and disaster recovery and mitigation.

For more information about DCA, visit https://nj.gov/dca/ or follow the Department on social media: 

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Lisa Ryan,
Gina Trish,
Tammori Petty
ph#: 609-292-6055