Success Stories

52-54 Blum Street

Newark

The five units of housing at 52 and 54 Blum Street had long been deteriorated when Community Asset Preservation Corporation (CAPC), NJCC’s real estate subsidiary, acquired them as part of the first discounted bulk-purchase of real-estate-owned properties in the Newark region.  CAPC then secured a contractor, which employed local youth to assist in rehabilitating the properties.  Their restoration has changed the face of their entire block.

CAPC converted these dilapidated vacant homes into five new housing units.