Success Stories

UVSO

Newark

United Vailsburg Services Organization (UVSO) has served the Vailsburg and Ivy Hill communities of Newark for 40 years, and NJCC has supported UVSO for over 20 of those years.  In 2007, NJCC provided a $2.5 million loan to finance the construction of UVSO’s 14-classroom Child Development Center to serve 200 Ivy Hill preschoolers.  Then in 2010, NJCC used $4.8 million in New Markets Tax Credits to repay and replace the original loan, reducing UVSO’s interest rate and enhancing its financial stability.

NJCC provided UVSO the long-term capital it needed to build its 14-classroom facility.