New Jersey Community Capital (NJCC) was founded in 1987 as the Community Loan Fund of New Jersey, Inc. (CLF) with a primary focus on financing the development, acquisition, construction, and rehabilitation of affordable housing in New Jersey. It was established by a group of committed community, religious, and business leaders, to address obstacles faced by non-profit, community-based organizations in obtaining financing from conventional lenders at the rates their projects required.

Over the past 25 years, NJCC expanded its vision and focus to comprehensively address the elements necessary to create, preserve, and sustain healthy neighborhoods and communities including job creation, early child care, education, community services, and neighborhood preservation and stabilization. In 2003, CLF and affiliates adopted the trade name, New Jersey Community Capital, signifying a realignment of its existing operations to more effectively meet the needs of New Jersey’s underserved individuals and historically disinvested communities. In 2009, NJCC founded the Community Asset Preservation Corporation (CAPC), an innovative real estate development subsidiary that is leading an effort to stabilize and preserve New Jersey neighborhoods that have been ravaged by the foreclosure crisis.

Today, NJCC works with a dynamic network of businesses and organizations to invest in, advocate for and participate in the bricks and mortar process of rebuilding and strengthening New Jersey’s communities. This network encompasses lenders, for-profit and non-profit developers, public and private agencies, foundations and community development corporations (CDCs) – all working for positive neighborhood change.

Once a one-person organization with a singular focus, NJCC now employs 26 with a range of skills focused on a wide array of community economic development issues. During its first year of operation, NJCC made three loans totaling $55,000. Since then, NJCC has committed over $290 million in financing for approximately 567 projects in the housing, community services, and business sectors.

Throughout its history, NJCC has served as a catalyst for well-conceived and soundly implemented affordable housing and economic development ventures which build long term economic opportunity for low income people, and economic strength for low income communities across the state. It has earned a reputation as an innovative and energetic organization that successfully meets the community development finance needs of New Jersey’s at-risk communities while serving as an effective investment vehicle for a wide range of institutional and individual, socially-responsible investors and contributors.