Transforming Communities since 1987

New Jersey Community Capital was founded in 1987 as the Community Loan Fund of New Jersey, Inc. (CLF), a nonprofit lender designed to meet the capital needs of New Jersey-based affordable housing developers.

As our investment began to generate positive social and economic outcomes, we expanded to other lending areas, including early care, education, and economic development.  In 1996, we were certified as a CDFI by the U.S. Treasury Department, allowing us to expand our capital base and our sources of funds. To meet the diverse needs of our investors, we incorporated Community Lending Partners of New Jersey, Inc. (CLP) in 2003 as a lower-risk lending affiliate, and we subsequently adopted New Jersey Community Capital as a trade name for our affiliated entities.

We have since grown further.  We received its first of five allocations of New Markets Tax Credits (NMTCs) in 2003, totalling $175 million, and have now deployed $110 million in NMTCs to finance 21 major economic development projects. We incorporated Community Asset Preservation Corporation (CAPC) in 2009, empowering the first-of-its-kind nonprofit to purchase and lead the redevelopment of hundreds of vacant properties. We launched ReStart in 2012, via which we are acquiring and modifying large pools of nonperforming mortgages, preventing homeowners from facing foreclosure and displacement. We have greatly expanded our lending activity: in the last five years alone, NJCC closed 203 loans totaling $446 million.

Today, we have earned a national reputation as one of the leading innovators in the community development field. With a growing network of partners and investors, and a dedicated staff of community development professionals, we continue to seek new ways to advance our mission and to move New Jersey forward. 

“Our goal was not to compete with the big banks, but to show what was possible—to show that smart, community-driven financing and partnerships could create change at the neighborhood scale”

Marty Johnson
President/CEO, Isles Inc.
NJCC Cofounder