NJCC Launches ReStart the Shore
Through ReStart the Shore, NJCC is expanding its foreclosure prevention program to the nine NJ counties most impacted by Hurricane Sandy. NJCC has purchased 517 nonperforming FHA mortgages in these areas in order to provide affordable mortgage modifications to hundreds of distressed homeowners. ReStart the Shore was featured in this NJ Spotlight article.
Announcing the Gap Funding Initiative
Through the Gap Funding Initiative (GFI), a partnership with the Hurricane Sandy New Jersey Relief Fund and the American Red Cross, NJCC is providing grants of up to $30,000 to help homeowners cover costs of home repairs they still face as a result of Hurricane Sandy. To learn more about GFI and program eligibility, please visit the GFI website here.
NJCC’s 2012 Annual Report
NJCC is proud to present its 2012 Annual Report, which celebrates our 25 years of transforming communities. In this year’s report, we share the story of our first borrower, our cumulative social impact numbers, the big role we’ve played in moving Newark forward over the years, and words from those who helped to found NJCC. Read the report here.
REBUILD New Jersey Success Stories
In response to the devastation of Hurricane Sandy, NJCC is providing low-interest loans to recovering New Jersey small businesses. Recently, we helped a truck driver in Jersey City repair his truck, which was badly damaged in the storm. Read his story here.
Other REBUILD Success Stories, as well as program information and application materials, can be found here. REBUILD New Jersey was highlighted in this Huffington Post Impact article on the role CDFIs are playing in the recovery of small businesses impacted by Sandy.