Wayne Meyer, President
Mr. Meyer became President of New Jersey Community Capital in May 2009, after serving on its Board of Directors for the preceding two years. As President, Mr. Meyer provides leadership, establishes strategy, raises funds, and promotes and advocates for policy change on behalf of NJCC, its borrowers, and the residents of its target communities. Under his leadership, NJCC has experienced a period of tremendous growth. Key accomplishments include spearheading a new strategic vision for NJCC, including creating a more comprehensive approach to revitalizing whole neighborhoods; helping shape a new model of community development that leverages the bulk purchase of troubled mortgages and foreclosed properties; increasing capital under management; guiding NJCC to chartered membership in NeighborWorks America; and earning NJCC a CARS (CDFI Assessment and Rating System) rating.
An attorney and CPA, Mr. Meyer brings to his position over 20 years of private sector real estate experience. Prior to joining NJCC, Mr. Meyer spent nine years as the Housing Director of Housing and Neighborhood Development Services, Inc. (HANDS), where he was responsible for all of the organization’s real estate development and financing activities. While at HANDS, he led the formation of Operation Neighborhood Recovery and the bulk purchase of 47 nonperforming mortgages in distressed Essex County neighborhoods, an initiative that led to the creation and subsequent acquisition by NJCC of the Community Asset Preservation Corporation.
As a recognized leader in the community development industry, Mr. Meyer serves on numerous committees and panels focused on affordable housing, community stabilization, and community development, including NeighborWorks America’s Community Stabilization Advisory Committee, the JPMorgan Chase Community Advisory Board, and the Wells Fargo Community Advisory Board for the Southern New Jersey Market. Mr. Meyer holds a Juris Doctor from Seton Hall University School of Law and a Bachelor of Business Administration in Accounting from Siena College. He is a graduate of the Achieving Excellence in Community Development fellowship program at Harvard University’s John F. Kennedy School of Government and has studied urban planning at the graduate level at New York University.
Leah Apgar, Lending Team Leader, Housing & Healthy Communities
Ms. Apgar joined New Jersey Community Capital in June 2006 as a Wachovia Bank/Department of Community Affairs Housing Scholar and was hired as a Lending Officer in June 2007. Having been promoted to Lending Team Leader for Housing & Healthy Communities in the fall of 2011, Ms. Apgar is now responsible for NJCC’s lending in the housing and healthy communities sectors. Her primary duties include new business development in her target sectors, performing on-going relationship management, and loan underwriting.
A Leadership New Jersey Fellow, Ms. Apgar was recognized for her contributions to the community development field in 2011 when she was selected as “Young Professional of the Year” by New Jersey’s Young Community Development Professional Association. Ms. Apgar holds bachelor’s degrees in Political Science, Economics, and Psychology from the University of Pittsburgh and a master’s degree in Public Policy with a concentration in Community and Economic Development from Rutgers University.
Daniel Arndt, Lending Officer
Mr. Arndt has been a lending officer at New Jersey Community Capital since 2009 and works in all areas of NJCC’s lending activities but focuses in particular on NJCC’s small business lending through the “BCDC Newark Fund”, the New Markets Tax Credit program and more recently REBUILD New Jersey, NJCC’s Sandy relief loan program for small businesses. Prior to his current position, Mr. Arndt contributed to NJCC’s mission through his work as research associate focusing on a variety of tasks including research on the current challenges for community development organizations.
Mr. Arndt holds a Master in Public Affairs and Politics with a focus on community economic development from the Bloustein School of Planning and Public Policy at Rutgers University and a Master in Public Administrative Sciences from the University of Konstanz in Germany.
Jacqueline Baranowski, Loan Servicing Officer
After volunteering for New Jersey Community for several years, Ms. Baranowski joined the staff as an Administrative Specialist in August 1998 where she assisted in both the lending and financial divisions of the organization. After assuming the position as Portfolio Coordinator in 2000, Ms. Baranowski used her experience to design a more efficient billing and loan tracking system. As the loan portfolio continued to expand, she oversaw the seamless conversion to a commercially prepared software system.
Now as Loan Servicing Officer, Ms. Baranowski continues to oversee the portfolio system, designs and implement new reports and assists in arranging the fiscal activity between the lending and financial divisions. Previously, Ms. Baranowski was employed by a commercial bank as a teller supervisor and personal banker where she was responsible for branch compliance and customer service. Ms. Baranowski holds a Bachelor of Arts degree in Geography from the College of New Jersey.
David Bloomberg, Vice President, Portfolio Management & Compliance
Mr. Bloomberg joined New Jersey Community Capital in May 2009 and assumed the position of Vice President of Portfolio Management & Compliance in January 2011. In his current position, Mr. Bloomberg supports senior management and lending staff in the delivery of financial products and services to NJCC’s client base. His primary responsibility is the development and maintenance of NJCC’s loan policies and procedures. To ensure adherence to these policies and procedures, Mr. Bloomberg also monitors pre-closing lending activities, post-closing quality assurance and exception reporting, and portfolio monitoring and reporting.
Mr. Bloomberg brings to this position over 14 years of experience in the commercial banking sector and 20 years of entrepreneurial experience. His banking experience includes nine years in asset based lending, coupled with five years of commercial loan review and field examination experience. Mr. Bloomberg holds a Bachelor of Science in Accounting from Rider University. He also attended Commercial Lending School at the University of Oklahoma and received certification as an Asset Based Lending Field Examiner.
Jeffrey Crum, Director of Real Estate, Community Asset Preservation Corporation
Mr. Crum joined Community Asset Preservation Corporation in August 2011 as its Director of Real Estate. Mr. Crum oversees the implementation of CAPC’s neighborhood stabilization strategies, including the identification of scattered site housing opportunities; arrangement of bulk purchase property acquisitions; expansion of funding sources; establishment of cross-sector redevelopment partnerships; and analysis of exit strategies for acquired properties. Prior to joining CAPC, Mr. Crum was the Vice President of Real Estate at Real Estate Advisory and Development Services (now Build with Purpose), where he oversaw $50 million in community facilities development. Mr. Crum also served as Director of Real Estate for the New Jersey Community Development Corporation, where he managed site acquisitions, financing, municipal approvals, and construction oversight.
Mr. Crum holds a bachelor’s degree in Social Work from Catholic University of America and a Master of Public Policy from the Edward J. Bloustein School of Planning and Public Policy at Rutgers University. A member of the Leadership New Jersey Class of 2008, Mr. Crum is active with a number of community and religious organizations throughout New Jersey and New York, including Greater Brunswick Charter School where he is a member of the Board of Directors.
Kelly Gh’Rael, Loan Closing Officer
Ms. Gh’Rael recently joined New Jersey Community Capital as a Loan Closing Officer. She works with the Lending Officers and Borrowers’ attorneys reviewing loan closing packages and the processing of loan approvals. Ms. Gh’Rael also assists Lending Officers in handling Borrowers’ requests for documentary changes/accommodations.
Ms. Gh’Rael was previously employed for ten years with Commonwealth Land Title Insurance Company as a Paralegal where she assisted the Chief Underwriting Counsel on multimillion dollar commercial real estate deals. Ms. Gh’Rael holds a Bachelor of Science Degree in Legal Studies from John Jay College of Criminal Justice.
Peter Grof, Deputy to the President
Mr. Grof joined New Jersey Community Capital in 2009 and serves as Deputy to the President. As Deputy, he provides essential support to the President by managing relationships with funders and partners; coordinating responses to external requests; and overseeing special projects.
Prior to joining NJCC, Mr. Grof spent time as both a Wachovia Bank/Department of Community Affairs Housing Scholar for the City of Newark and an AmeriCorps VISTA member working for the New Jersey Community Development Corporation. Mr. Grof holds a Bachelor of Arts in Political Science and a Master of Public Policy with a concentration in Community Development from Rutgers University.
Doris Harris, Assistant Manager, Resource Development
Ms. Harris handles the development, implementation and maintenance of the organization’s internal and external communication strategy, publicizes the positive change taking place within the communities served by New Jersey Community Capital, develops marketing collateral to promote brand identity, improves the visibility of organization, and keeps stakeholders aware of the organization’s activities.
Ms. Harris is currently responsible for many facets of the organization’s fundraising, as well as relationship management responsibilities with funders. Ms. Harris is also responsible for managing the organization’s information technology systems. Ms. Harris was hired in June 1997 and holds a Bachelor of Fine Arts Degree in Architectural Design from the California College of the Arts.
Daniel Kravetz, Fundraising and Media Coordinator, Resource Development
Mr. Kravetz joined NJCC as a Resource Development Fellow in May 2011 and began his tenure as Fundraising and Media Coordinator in March 2012. His responsibilities include researching and preparing grant applications and investment proposals, assisting in investor relations and infrastructure, and preparing content for NJCC’s newsletters, annual reports, social media outlets, and other methods of communication.
Mr. Kravetz has previously served as a Program Assistant at La Casa de Don Pedro in Newark, NJ, and worked for four years as the Program Developer at Aurora/St. Anthony Neighborhood Development Corporation in Saint Paul, MN. He graduated from Macalester College in 2005 with a Bachelor of Arts degree in Geography and Urban Studies, and earned Masters’ degrees in Public Policy and City and Regional Planning from Rutgers University in December of 2011.
Juanita Marshall, Associate Financial Reporting
Ms. Marshall joined New Jersey Community Capital in September 1998 as an Administrative Support Specialist. Ms. Marshall was previously employed with Wachovia Bank as a teller supervisor and a Customer Service Representative. She also worked for the New Jersey Department of Military and Veterans Affairs as an Administrative Assistant.
Ms. Marshall is currently working to complete an Associates Degree at Mercer County Community College.
Marie Mascherin, Chief Lending Officer
After serving on its Board of Directors for nine years, Ms. Mascherin joined New Jersey Community Capital as Chief Lending Officer in November 2008. As Chief Lending Officer, Ms. Mascherin is responsible for managing, developing, maintaining, and administering all of NJCC’s loan and investment programs and lending strategies. Her primary duties include managing production goals, new product development, borrower relationships, budgeting, portfolio performance, and problem loans. Ms. Mascherin brings to this position over 25 years of commercial banking and real estate mortgage lending experience, including seven years as Vice President of FHA lending at Capmark Finance Inc. (formerly GMAC Commercial Mortgage), where she was responsible for management of the regional loan production office specializing in FHA-insured multifamily and senior housing lending. Other prior experience includes executive vice president positions at both DVI Mortgage Funding, Inc. and Quaker Capital, L.P.
Ms. Mascherin is a Leadership New Jersey Fellow; a member of the New Jersey Advisory Board for Community Reinvestment Fund; a member of Opportunity Finance Network’s Market Conditions Committee; the current Chair of the American Repertory Ballet/Princeton Ballet School’s Board of Directors; and a founding board member and former Treasurer of the Eastern Lenders Association. A New Jersey Real Estate Licensed Agent, Ms. Mascherin holds a Master of Business Administration from New York University’s Stern School of Business and a Bachelor of Science in Finance from Seton Hall University.
Norman Melofsky, Controller
Mr. Melofsky joined New Jersey Community Capital in December 2009 as its Accounting Manager. In this capacity, Mr. Melofsky’s primary responsibilities will be assisting the CFO and the Fiscal & Risk Management Team in implementing the organization’s fiscal plans, ensuring the integrity of financial reports and other data and using financial resources efficiently. Additionally, Mr. Melofsky will provide assistance in the areas of treasury operations, financial controls, regulatory reporting, risk management, capitalization and strategic planning.
Mr. Melofsky has over 35 years of accounting experience, including over 20 years as a corporate controller and has an extensive background both in the private and public sectors. His skills include financial reporting, establishing and implementing internal control procedures, budgeting and forecasting, treasury operations and taxes. Mr. Melofsky holds a Bachelor of Science Degree in Accounting from Queens College of the City University of New York. Additionally, he is a Certified Public Accountant licensed in New Jersey and New York.
Mark Munley, Chief Investment Officer
Mr. Munley joined New Jersey Community Capital as its Chief Investment Officer in April 2012. As Chief Investment Officer, he serves as NJCC’s point person for the ReStart initiative and the other bulk purchase efforts that constitute the organization’s ground-breaking new anti-foreclosure programs. In addition, his responsibilities include overseeing NJCC’s investment efforts in the Community Asset Preservation Corporation, assisting the President and the NJCC team in developing key aspects of the organization’s strategic plan, identifying new capital resources, and structuring innovative programs and financial instruments that align with NJCC’s overall mission.
Mr. Munley possesses over 30 years of private and public sector experience in the fields of real estate development and urban planning. He has served on three separate occasions as the Director of the Department of Housing, Economic Development and Commerce for Jersey City. A State of New Jersey licensed Professional Planner, he has also managed his own urban planning firm. Mr. Munley holds an undergraduate degree in Urban Studies from Rutgers University and a master’s degree in City Planning from Harvard University’s Graduate School of Design.
Jennifer Murphy, Director of Housing Programs
Ms. Murphy joined New Jersey Community Capital in September 2012 as Director of Housing Programs. Her primary responsibilities include managing the workouts of delinquent mortgages, assisting homeowners to reach an affordable mortgage payment and manage debt reduction, and overseeing HUD-approved organizations who will act as contracted mortgage sustainability specialists. Ms. Murphy brings to this position 18 years of non-profit and community development banking experience.
Prior to joining NJCC, Ms. Murphy was Director of Lender/Servicer Relations at the Center for New York City Neighborhoods, where she was responsible for developing and implementing foreclosure prevention programs with lenders and servicers. Ms. Murphy also served as Community Development Specialist at Bank of New York; Executive Director of All AHEAD, Inc., a HUD-certified housing counseling agency; and Director of New Jersey Citizen Action’s loan counseling service. She also has significant experience providing training, capacity building, and technical support to housing counseling agencies. Ms. Murphy holds a Bachelor of Arts from Georgian Court College.
Joseph Palazzolo, Lending Team Leader, Education & Early Care
Mr. Palazzolo joined New Jersey Community Capital in August 2006 as a Lending Officer and was promoted to Lending Team Leader for Education & Early Care in the fall of 2011. Responsible for NJCC’s lending in the education and early care sectors, Mr. Palazzolo’s primary duties include generating new business development in his target sectors, performing on-going relationship management, underwriting and closing loans, and managing an $8 million grant devoted to credit enhancing charter school transactions.
Mr. Palazzolo brings to this position construction management experienced gained during his tenure at a nonprofit redevelopment agency and an undeniable passion for expanding educational opportunities. In addition to his duties at NJCC, Mr. Palazzolo is an Adjunct Professor at Monmouth University’s Leon Hess Business School and an Online Instructor at Thomas Edison State College’s School of Business and Management. He also serves on the boards of several local and national nonprofit organizations. Mr. Palazzolo holds a Master of Arts in Public Policy from Rutgers University, as well as a Bachelor of Arts in English and a Graduate Certificate as a Public Relations Specialist from Monmouth University.
Cara Purcell, Lending Officer
Ms. Purcell joined New Jersey Community Capital in June 2010 as a Wachovia Bank/Department of Community Affairs Housing Scholar and was hired as an Associate in May 2011. Having accepted a Lending Officer position in May 2012, Ms. Purcell is now responsible for managing the organization’s Camden POWER Fund. In this capacity, her duties include originating and underwriting program loans, marketing the program, and managing compliance and reporting requirements. Ms. Purcell also provides underwriting support to the Lending Team Leaders and assists with grant and investment proposal writing.
Prior to joining NJCC, Ms. Purcell worked in the public sector as a land use planner and held research positions related to energy efficiency and conservation, foreclosure, and privatization of public services. Ms. Purcell holds a Bachelor of Science in Community and Regional Planning from Temple University and a Master of City and Regional Planning with a concentration in Urban and Community Development from the Edward J. Bloustein School of Planning and Public Policy at Rutgers University.
Andrew Regenstreich, Project Manager, Community Asset Preservation Corporation
Mr. Regenstreich joined Community Asset Preservation Corporation in March 2012 as a Project Manager. In this position, Mr. Regenstreich manages individual development projects from predevelopment through construction, ensuring that the final product is of high quality and is completed in a timely manner.
Prior to joining CAPC, Mr. Regenstreich held a variety of positions with Jersey City’s Department of Housing, Economic Development and Commerce; the City of New York; the United States Senate; and the U.S. Embassy in London. He also spent a year managing a microfinance program in a refugee camp in Zambia. Mr. Regenstreich holds a bachelor’s degree in political science from Northeastern University, and a master’s degree in public and nonprofit management from NYU’s Wagner School. He is on the board of the Alexia Foundation, a nonprofit photography foundation.
Jacki Robinson, Chief Financial Officer
Ms. Robinson joined New Jersey Community Capital as Chief Financial Officer in August 2012. In this position, Ms. Robinson is a key member of the leadership team, responsible for the financial stewardship of the organization as well as with providing the President with strategic guidance. With more than two decades of experience as a Certified Public Accountant, Jacki brings to NJCC a very strong financial background. Most recently, Jacki served for more than six years as CFO and Portfolio Manager at E+Co, a “triple bottom line” non-profit organization located in Bloomfield, New Jersey that provides investment capital and business development services to overseas clean energy entrepreneurs and other developing businesses.
Prior to working at E+Co, Jacki strengthened her knowledge about issues facing urban communities in New Jersey by serving as Director of Finance for the YMCA of Eastern Union County, where her financial oversight included utilizing Low Income Housing Tax Credits to structure development and construction of a new apartment complex. Her private sector background includes experience at AT&T, where she held numerous positions including District Manager, and as a Senior Auditor for Ernst & Young. Jacki earned her Bachelor of Science magna cum laude from Hampton University.
Peter Schaeffing, Underwriter
Mr. Schaeffing joined New Jersey Community Capital as Financial Products & Services Fellow in May 2011. Following this fellowship Mr. Schaeffing was hired as Underwriter in the Financial Products & Services Division. In this capacity he prepares underwriting packages for presentation to the organization’s Credit Committee, assists in the development and underwriting of New Markets Tax Credit transactions, and helps lending officers manage borrower relationships.
In 2011 Mr. Schaeffing earned a Bachelor of Arts degree in Economics and Political Science from the South Carolina Honors College at the University of South Carolina. His coursework included a finance concentration and he completed a senior thesis on the performance of community development financial institutions through the recent recession.
Jane Shoemaker, Executive Coordinator
Ms. Shoemaker joined New Jersey Community Capital in April 2000 as an Administrative Assistant. Currently Ms. Shoemaker is responsible for the central coordination of New Jersey Community Capital’s internal resources as well as assisting in developing external partner relationships. Ms. Shoemaker also is responsible for managing and coordinating the organization’s relations with its Board of Directors.
Gregory Stankiewicz, Chief Operating Officer
Mr. Stankiewicz joined New Jersey Community Capital in May 2011 as Chief Operating Officer. In this position, he is directly responsible for the day-to-day management of the staff while overseeing all technology and facility issues. In addition, Mr. Stankiewicz assists the President with all facets of operations and strategic planning. Prior to joining NJCC, Mr. Stankiewicz served the State of New Jersey as a State Budget Specialist in the Office of Management and Budget (OMB) where he helped implement the State’s performance management initiative and coordinate the writing of the State’s annual budget documents. While at OMB, he also served as an adjunct lecturer for the Edward J. Bloustein School of Planning and Public Policy at Rutgers University.
Mr. Stankiewicz has published on both community economic development and state fiscal issues, including co-authoring journal articles assessing the New Markets Tax Credit program and the Los Angeles Community Development Bank. He holds an M.P.A. and a Ph.D. in Public Affairs from Princeton University’s Woodrow Wilson School, a Graduate Diploma in International Law from the Australian National University as a Rotary Foundation Scholar, and both a bachelor’s degree and a master’s degree from Harvard University.
Diane Sterner, Community Strategies Advisor
Ms. Sterner joined New Jersey Community Capital in August, 2013 as Community Strategies Advisor. In this role she serves as a liaison between NJCC and local governments, community-based developers, and other local stakeholders. In doing so, Ms. Sterner is able to help devise successful revitalization strategies and approaches for local communities, and to help identify and access the resources needed to implement these strategies.
Prior to joining NJCC, Ms. Sterner served for 23 years as founding director of the Housing and Community Development Network of NJ. Over that time period, she built one of the strongest associations of community based development organizations in the country, enhancing the capacity of such organizations in New Jersey to create housing and economic opportunities and revitalize communities. As a James A. Johnson Fellow in 2006, Ms. Sterner also helped found the National Alliance of Community Economic Development Associations (NACEDA) as a voice for community development practitioners at the national level and as a vehicle for bringing together state and local CDC associations to support the field. Her contributions have immeasurably strengthened the community development sector in New Jersey and nationally, and helped bring about state-level policy reforms critical to urban and lower-income communities.
Jeffrey Yuen, Impact Assessment Coordinator, Resource Development
Mr. Yuen joined New Jersey Community Capital in October 2012 as Impact Assessment Coordinator. In this role, he manages NJCC’s efforts toward evaluating and demonstrating the impact of their lending and community revitalization strategies. His primary responsibilities include tracking borrower and community-level outcomes, implementing data collection instruments, and producing reports, maps and graphics.
Prior to joining NJCC, Mr. Yuen served as a research fellow at the National Community Land Trust Network, where he co-authored a working paper on non-residential applications of the land trust model. Mr. Yuen holds a master’s degree in Urban Planning with a concentration in Housing and Community Development from Columbia University and a Bachelor of Landscape Architecture from California Polytechnic State University in San Luis Obispo.