Housing is the Cornerstone of NJCC's Work
The first loan made by New Jersey Community Capital was for an affordable housing project, and fostering the development of housing for low-income families remains the cornerstone of NJCC’s work.

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 percent of their incomes on housing costs, 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, as well as improving their health outcomes and the stability of their communities.

The importance of affordable housing for disadvantaged families in New Jersey is why NJCC has made housing financing the cornerstone of its work for over 25 years.  NJCC’s first loan was for an affordable housing project, and since then, NJCC has fostered the creation or preservation of over 7,300 housing units for low-to-moderate income families.

Every year, NJCC continues to finance the predevelopment, acquisition, construction, rehabilitation, and mini-permanent needs of hundreds of affordable housing units for ownership and rental, including both single-family and multi-family projects. Meanwhile, NJCC continues to provide technical assistance to local housing developers and to advocate for additional resources for neighborhood stabilization.

Finally, NJCC has innovated groundbreaking new programs and funds that efficiently channel resources into large-scale solutions to the persisting foreclosure crisis.  These efforts include its ReStart program, its Neighborhood Prosperity Fund, and the affiliation of Community Asset Preservation Corporation, NJCC’s real estate subsidiary.  More information about these initiatives can be found via the links on the right side of this page.

Our Housing Work

  • Over $100 million in housing investments across NJ
  • 7,300 housing units created or preserved
  • Real estate development through our subsidiary CAPC
  • Our ReStart program is a national model for foreclosure recovery and homeownership preservation