NJ Department of Community Affairs

DCA Awards Funds for Neighborhood Revitalization Efforts in New Jersey

Posted on: 06/13/2025

Over $15 Million Awarded to 28 Nonprofit Organizations to Benefit the Neighborhoods They Serve

TRENTON, NJ – The New Jersey Department of Community Affairs (DCA) today announced the award of $15,416,375 in funding for fiscal year 2025 (FY2025) to 28 community-based nonprofit organizations across the state through the Neighborhood Revitalization Tax Credit (NRTC) Program. These nonprofit organizations will use the NRTC funding, which comes from business contributions, to implement revitalization plans that address housing and economic development, as well as complementary activities such as social services, recreation activities, employment training, and open space improvements in qualifying communities.

“The Neighborhood Revitalization Tax Credit Program centers itself on partnership and shared benefits. DCA connects businesses with worthwhile neighborhood projects that are being done by nonprofit organizations deeply rooted in the communities they serve,” said DCA Commissioner Jacquelyn A. Suárez. “The program is doing so much to uplift neighborhoods around the state. Whether it’s building affordable housing, creating a home repair program, rehabbing storefronts, or developing community centers, residents and small businesses are reaping the rewards of these meaningful projects.”

“DCA is incredibly proud to administer this program that delivers demonstrable results in improving neighborhoods year in and year out,” said DCA Assistant Commissioner Janel Winter, who directs the Division of Housing and Community Resources. “We look forward to seeing all the good that comes from these revitalization efforts that positively impact New Jersey families, local merchants, and community groups.”

The objective of the NRTC Program, which is administered by DCA’s Division of Housing and Community Resources, is to spur the renewal of neighborhoods through strategies developed by residents and the community-based nonprofit organizations that assist them. These local organizations prepare, submit, and receive approval from DCA for multi-year revitalization plans for the neighborhoods they serve. The approved projects are listed in a qualified projects pool from which companies choose the ones they want to financially support. The NRTC funds must be used by the nonprofit groups for projects and activities set forth in the approved neighborhood plans.

The corporations contribute funding to the NRTC Program and in return receive a 100 percent tax credit against various New Jersey state taxes.

Additionally, $1.16 million of recaptured NRTC Program funds were used to supplement the FY2025 project awards.

Possible uses of NRTC funds by nonprofit organizations include:

Construction and rehabilitation of affordable housing units;
Creation of commercial facilities;
Assistance to small businesses and microenterprises;
Employment training;
Open space improvements;
Social and community services;
Recreation activities;
Crime prevention activities; and
Community outreach activities.

The following communities are benefitting from FY2025 NRTC funding awards:

City	Project Name	Nonprofit Organization	Corporate Contributors	Funding Amount
Asbury Park	West Side Asbury Park NRTC Project XII	Interfaith Neighbors Inc	PNC Bank, Selective Insurance Company, NRTC Program Funds	$300,000
Atlantic City	Atlantic City Inlet Now!	Atlantic Cape Community College	Ocean Casino Resort Holdings	$950,000
Atlantic City	Chelsea Neighborhood Plan 2024 Projects	Atlantic City Development Corp	Tropicana AC	$950,000
Atlantic City	Midtown Atlantic City Revitalization Continues	AtlantiCare Foundation	Parke Bank	$457,250
Atlantic City	Revitalize Ducktown and Venice Park	Atlantic County Economic Alliance	PNC Bank (Southern New Jersey), Parke Bank, Fulton Bank	$992,750
Bridgeton	Southeast Gateway Revitalization Plan 2025	Tri-County Community Action Agency, Inc. (t/a Gateway Community Action Partnership)	PNC Bank (Southern New Jersey), OceanFirst Bank, NRTC Program Funds	$243,750
Camden	Building Better in East Camden	Saint Joseph's Carpenter Society	New Jersey Casualty Insurance Company, OceanFirst Bank, Holman Enterprises, New Jersey American Water	$1,000,000
Camden	Building an Equitable, Healthy and Thriving Parkside	Parkside Business & Community In Partnership, Inc.	New Jersey Casualty Insurance, Subaru of America, NRTC Program Funds	$300,000
Camden	Catch the Wave to a Thriving Waterfront South (Year 3)	Heart of Camden	PNC Bank (Southern New Jersey), CSC Brands (Cambells Soup Company), Subaru of America, First Bank	$1,000,000
Camden	Our North Camden 2025!	Camden Lutheran Housing, Inc.	M&T Bank, PNC Bank (Southern New Jersey), Subaru of America, Wellpoint NJ	$1,000,000
Elizabeth	Historic Midtown Holistic Neighborhood Solutions Project III	Elizabeth Development Company of New Jersey	New Jersey American Water, NRTC Program Funds	$100,000
Garfield	Neighborhood Revitalization Tax Credit Project 25	Greater Bergen Community Action, Inc.	M&T Bank, Provident Bank, Valley National Bank	$500,000
Millville	Glasstown Arts District Reimagined Phase 1 Continued	Holly City Development Corporation	PNC Bank (Southern New Jersey), OceanFirst Bank, NRTC Program Funds	$400,000
Mount Holly	Rancocas Neighborhood Revitalization Year One	The Salt and Light Company, Inc.	NRTC Program Funds	$100,000
New Brunswick	Esperanza 2025: Our Families, Our Homes, Our Businesses	New Brunswick Tomorrow	New Jersey Re-Insurance Company, OceanFirst Bank, Magyar Bank, PNC Bank, First Bank	$608,000
New Brunswick	Unity Square Neighborhood Community Center 2025	Catholic Charities Diocese of Metuchen	NRTC Program Funds	$100,000
Newark	HFHGN NRTC Neighborhood Project Plan	Habitat for Humanity of Greater Newark, Inc.	NRTC Program Funds	$100,000
Newark	Upper Clinton Hill 2025	Clinton Hill Community Action	Provident Bank, Valley National Bank, PNC Bank, First Bank, NRTC Program Funds	$310,000
Newark	Lincoln Park 2025	Lincoln Park Coast Cultural District, Inc.	NRTC Program Funds	$100,000
Newark	Fairmount Neighborhood Advancement 2025	Urban League of Essex County	M&T Bank, NRTC Program Funds	$300,000
Orange	A Healthier and Wealthier Heart of Orange	HANDS, Inc.	First Bank, Peapack-Gladstone Mortgage Group	$257,000
Passaic	Building a Safe and Healthy Rosa Parks Neighborhood	Paterson Habitat for Humanity, Inc.	Bendheim LLC, NRTC Program Funds	$100,000
Passaic	Empowering Eastside	Paterson Habitat for Humanity, Inc.	Provident Bank, NRTC Program Funds	$197,625
Paterson	Great Falls Gateway Enhancement Project II	New Jersey Community Development Corporation	Provident Bank, Wells Fargo, Valley National Bank, PNC Bank, Wellpoint NJ	$1,000,000
Paterson	Pride in the Northside	Paterson Habitat for Humanity, Inc.	NRTC Program Funds	$100,000
Perth Amboy	2025 Gateway Neighborhood Revitalization	Perth Amboy Redevelopment Team for Neighborhood Enterprise and Revitalization	Provident Bank, Peoples Security Bank, Valley National Bank, NRTC Program Funds	$400,000
Perth Amboy	Perth Amboy Alliance for Community (PAAC) 2025	Jewish Renaissance Foundation, Inc.	Provident Bank, Peoples Security Bank, NRTC Program Funds	$300,000
Phillipsburg	South Main Street 2025!	NORWESCAP	Provident Bank, Valley National Bank, PNC Bank, NRTC Program Funds	$300,000
Salem	Building a Sustainable Salem	Stand Up For Salem	Franklin Bank, New Jersey American Water	$750,000
Sussex Borough	Sussex NRTC 2025!	NORWESCAP	Provident Bank, NRTC Program Funds	$100,000
Trenton	Downtown Trenton 2025	Isles, Inc.	New Jersey Manufacturers Insurance Company (NJM), Provident Bank, Wells Fargo	$1,000,000
Trenton	East Trenton Collaborative 2024	Isles, Inc.	New Jersey Manufacturers Insurance Company (NJM), M&T Bank, Provident Bank, Wells Fargo, Customers Bank	$1,000,000
West Orange	A Healthier and Wealthier Valley	HANDS, Inc.	Provident Bank, NRTC Program Funds	$100,000

More information about the Neighborhood Revitalization Tax Credit Program can be found at https://www.nj.gov/dca/dhcr/offices/nrtc.shtml.

DCA’s Division of Housing and Community Resources provides a wide range of services addressing needs in housing assistance, housing production, community development, neighborhood revitalization and improvement, energy assistance, and community services.

DCA offers a wide range of programs and services, including affordable housing production, building safety, community planning and development, fire safety, disaster recovery and mitigation, and information privacy.

For more information about DCA, visit https://nj.gov/dca/ or follow the Department on social media: