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Affordable Housing

The Cornerstone of Our Work

Every person deserves a safe, stable and affordable place to live. New Jersey Community Capital’s first loan as a community development financial institution was in support of an affordable housing project. 


The average cost of owning or renting a home in New Jersey is higher than in almost any other state in the country. As a result, many low-to-moderate-income families find themselves spending over 50% of their incomes on housing, creating a significant financial burden. The development of quality affordable housing has been shown to be critical in reducing the economic hardship these families face and in improving health outcomes and community stability.

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 multifamily projects. Together with our partners, we are able to provide technical assistance to local housing developers and advocate for additional resources for neighborhood revitalization and stabilization.

A resident in her home, renovated by Salt and Light Company, NJCC’s first borrower.

Whether restoring hope and keeping people in their homes through groundbreaking programs such as ReStart or creating and preserving homeownership and rental opportunities for residents through our nonprofit real estate organization, Community Asset Preservation Corporation, our affordable housing work strategically focuses on improving housing stability and developing new tools to create or preserve access to healthy and safe affordable housing.


housing units developed


units acquired through Community Asset Preservation Corporation

7.4 Million+

sq. ft. of real estate developed

Success Story

Polaris American

After receiving a $500,000 acquisition and construction revolving line of credit from New Jersey Community Capital, William (Bill) was able to initially purchase two vacant, scattered-site properties in his hometown to rehabilitate and renovate into quality affordable housing units.

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