In observance of Dr. Martin Luther King, Jr. Holiday, NJCC Partners with Mayors in Newark, Paterson, Camden, Trenton and New Brunswick to fund community impact initiatives and nonprofits
New Brunswick, NJ (January 17, 2023) – New Jersey Community Capital (NJCC), the state of New Jersey’s largest community development financial institution (CDFI), today announced it donated a total of $50,000 to the municipalities of Newark, Paterson, Camden, Trenton and New Brunswick. Each will receive $10,000 in funding for specific community organizations or initiatives focused on economic development, youth programs, public health and more. 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.”
“We’re thrilled to be able to build on Dr. King’s mission and integrate it into our work throughout New Jersey and support such well-deserving community organizations and impactful programming,” said Bernel Hall, President and CEO of New Jersey Community Capital. “These cities are doing crucial work to make New Jersey the best it can be, and partnering with them to do even more will provide better outcomes and opportunities for residents.”
In Newark, Mayor Ras J. Baraka will direct funds to the Newark Community Impact Fund managed by Community Foundation of New Jersey, a philanthropic organization. Paterson Mayor Andre Sayegh will provide Friends of Paterson Parks and Paterson Healing collective with the donations. In Camden, Mayor Victor Carstarphen commends the distribution of funding to Heart of Camden and the Latin American Development Association. Mayor W. Reed Gusciora of Trenton will direct funding to the city’s Department of Recreation and Youth Programs, as well as Howard’s Healthy Choices, a social service organization for students. In New Brunswick, Mayor James Cahill will use the funding for community kitchen Elijah’s Promise and Town Clock Community Development Corporation.
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.
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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.