Funds will go towards programming that will benefit Paterson residents.
Paterson, NJ (January 17, 2023) –New Jersey Community Capital (NJCC), the state of New Jersey’s largest community development financial institution (CDFI), today announced they donated $10,000 to the city of Paterson. Funding will be distributed to the Friends of Paterson Parks and Paterson Healing Collective. The donation is part of NJCC’s commitment to this year’s Dr. Martin Luther King, Jr. holiday celebration theme – “It starts with me: cultivating a beloved community mindset to transform unjust systems.”
“This generous gift will help our collective efforts to support our Paterson community,” said Mayor Andre Sayegh. “We appreciate the continued support from our partners at New Jersey Community Capital as we strive to provide better resources and opportunities for Patersonians.”
Mayor Sayegh selected Friends of Paterson Parks and Paterson Healing Collective due to their commitment to bettering the city socially and economically. Friends of Paterson Parks will receive $5,000 to improve outdoor recreational areas in Paterson. Paterson Healing Collective will allocate funds to provide support and intervention for survivors of violence.
“This donation will allow our organization to continue providing key case management and advocacy services to some of the most vulnerable community members in the city of Paterson,” said Dr. Liza Chowdhury, Project Director of Paterson Healing Collective. “Our goal is to utilize this funding to continue to provide emergency resources to our community as many of our clients are navigating food insecurity and lack of stable housing.”
“The Friends of Paterson Parks offers its utmost appreciation to New Jersey Community Capital for their gracious and generous donation and support,” said Dipto Roy, Trustee, Friends of Paterson Parks. “This contribution will go towards the development and maintenance of Paterson parks and recreation areas, which will allow kids and families to enjoy being part of a great community.”
“We’re thrilled to be able to support such well-deserving community organizations and further our impact in New Jersey,” said Bernel Hall, President and CEO of New Jersey Community Capital. “Supporting Friends of Paterson Parks and Paterson Healing Collective and their efforts is crucial to creating more equitable and thriving opportunities for Paterson residents.”
NJCC’s charitable giving corresponds to its work across the state to finance the predevelopment, acquisition, construction, rehabilitation and mini-permanent needs of affordable housing units for ownership and rental opportunities. NJCC’s lending takes a holistic and equitable approach by financing projects that use the diverse pillars of a community, including small businesses, commercial office and retail spaces and early childhood education centers.
In honor of the life, legacy and impact of Dr. Martin Luther King Jr. and Mrs. Coretta Scott King, NJCC invites you to join us in supporting New Jersey communities. Please consider donating (bit.ly/donatetoNJCC) to further NJCC’s mission of promoting equitable opportunities for all.
About New Jersey Community Capital
New Jersey Community Capital (NJCC) is a nonprofit community development financial institution (CDFI) that provides an innovative toolkit of financial products, programs and services to advance equity and opportunity in underserved communities. NJCC supports the preservation and development of affordable housing and sustainable community development ventures that increase jobs, improve education and strengthen neighborhoods to ensure that communities can thrive. To learn more, visit www.newjerseycommunitycapital.org and Twitter: @NJCommCapital.
NJCC is part of the NeighborWorks network, an affiliation of more than 240 nonprofit organizations located in every state, the District of Columbia and Puerto Rico. The NeighborWorks network was founded and is supported by NeighborWorks America, which creates opportunities for people to live in affordable homes, improve their lives and strengthen their communities.