NJCC provides a range of financing for early care centers, from acquisition financing for new or current facilities to permanent financing to help cover lease and mortgage costs. Projects supported include:
Second Street Youth Center (Plainfield, NJ): An $8.8 million New Markets Tax Credit allocation to construct a high-quality, state-of-the-art facility complete with a 1,200-square-foot
aquaponics urban farm and agricultural education center.
Unified Vailsburg Child Development Center (Newark, NJ): A $2.5 million loan to finance the construction of a 14-classroom child development center to serve 200 preschoolers.
Babyland Family Services (Newark, NJ): A $325,000 mini-permanent loan to help the organization preserve ownership of the building where it has operated and held day care activities
for over three decades.