Affordable Housing & Neighborhood Stabilization:

The first loan made by New Jersey Community Capital was for an affordable housing project, and fostering the development of housing for low-income families remains the cornerstone of NJCC’s work. Each year, NJCC finances the predevelopment, acquisition, construction, rehabilitation, and mini-permanent needs of hundreds of affordable housing units for ownership and rental, including both single-family and multi-family projects. Meanwhile, NJCC continues to provide technical assistance to local housing developers, to advocate for additional resources for neighborhood stabilization, and to develop creative new programs and funds that efficiently channel resources into large-scale solutions to the persisting foreclosure crisis.