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Statement on MacKenzie Scott Giving Update

Statement from Bernel Hall, President & Chief Executive Officer, New Jersey Community Capital:

“We are extremely grateful to MacKenzie Scott and her organization, Yield Giving, for their generous investment in New Jersey Community Capital! On behalf of NJCC’s Board and Team, I am honored that Ms. Scott selected our organization and applaud her philanthropic commitments.

Over the past year alone, NJCC has made $58 million in loans to small businesses and real estate developers, built 135 homes for first-time homebuyers from BIPOC and immigrant communities, and invested $44 million in signature New Market Tax Credits in community development projects.

With Ms. Scott’s generosity, NJCC will continue to scale affordable housing and homeownership, bolster small business development, and expand community lending throughout the United States.”

 

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