New Jersey Community Capital

This Unique Business Model Is Enabling Impact To Scale Nationwide Helping Underserved Communities Our proven community finance model delivers double-bottom line results: - Generating both social and financial dividends - Driving equitable development across underserved communities Join us in fostering economic stability and opportunity through innovative financial solutions. Read more about the NJCC model at Yahoo! Finance - https://lnkd.in/euVR7yct #communitydevelopment #makeadifference #socialresponsibility #socialimpact #impactinvesting

The CDFI industry is rapidly expanding, bringing more resources and sophisticated financial strategies to the table. This growth is enabling CDFIs to support a wider range of projects and communities, fostering economic development. With increased assets and innovative approaches, CDFIs are better equipped to address the unique financial needs of underserved areas. These advancements are crucial for delivering impactful and sustainable financial solutions. Explore how NJCC is leveraging these developments to support communities - https://lnkd.in/euqwuXMy #impactinvesting #localgrowth #communitydevelopment #cdfi

Exciting News! We are proud to announce that NJCC has been selected as a recipient of the FY 2024 CDFI Program Financial Assistance Award from the U.S. Department of the Treasury’s CDFI Fund! The CDFI Fund provided more than $408.2 million in awards to 357 CDFIs. The awards will help CDFIs meet goals such as: expand operations into a new investment area or areas; serve a new targeted population or populations; provide new products or services; or increase volume of products or services. This award underscores our ongoing commitment to advancing equity and opportunity in traditionally underserved communities. We remain dedicated to fostering economic growth, improving access to financial services, and driving revitalization efforts across New Jersey and beyond. A huge thank you to Community Development Financial Institutions Fund (CDFI Fund) for their continued support of organizations like ours, working to create a brighter future for all. #CDFI #CommunityDevelopment #EconomicGrowth

Owning a home isn’t just a dream—it’s a pathway to equity and long-term financial security. Since 2016, our Address Yourself Homeownership Program has been breaking down barriers for low- and moderate-income families in New Jersey. From pre-purchase counseling to offering $10,000-$30,000 in down payment assistance, we’re with homeowners every step of the way. So far, we’ve deployed $8.37M to 498 households, with 383 of them being BIPOC families, and we’ve already exceeded $1.5M in down payment assistance for FY2024. Learn more about our impact at https://lnkd.in/eGqrSJwT #homeownership #communitysupport #firsttimehomebuyers #financialsecurity #downpaymentassistance #affordablehousing

Behind every successful financial institution is a strong legal team—and at NJCC, we’ve got one of the best. In a field as complex as finance, with its borrowing, lending, and endless contracts, skipping due diligence can lead to financial losses and reputational damage. That’s why we’re spotlighting Melinda Colón Cox, our General Counsel and Chief Compliance Officer since 2022. Her sharp legal expertise has simplified our deal-making, reduced our risks, and fueled our growth. Learn more about how Melinda’s leadership is shaping NJCC’s future - https://lnkd.in/ecMRcjgA #leadershipmatters #corporatesuccess #riskmanagement #womeninlaw #legalexcellence #financialleadership

A recent study found that many middle-to-high-income Black and Hispanic residents choose to live in lower-income neighborhoods, driven by cultural assets and family ties. This decision comes with trade-offs, like forgoing better schools and safer neighborhoods, potentially impacting future earning potential for their children. Lyneir Richardson, NJCC board member and Brookings Metro Senior Fellow, explored this issue, revealing that 54% of residents in low-income census tracts have moderate or higher incomes. His findings raise a critical question: Why aren’t investors seizing the opportunity to drive growth through real estate and business investments in these areas? Learn about this situation at https://lnkd.in/e6VqmjRN #urbandevelopment #communityinvestment #inclusivegrowth #economicequity

This week marks a significant milestone for the CDFI industry and for communities across the nation! 30 years ago on September 23rd, President Clinton signed into law the Riegle Community Development Act, establishing the CDFI Fund. Since its creation, the Fund has awarded over $7 billion to CDFIs like NJCC and provided $76 billion in tax credits, supporting the projects that build strong, vibrant communities. With more than 1,400 certified CDFIs, including NJCC, we have collectively invested over $216 billion since 2015, creating or retaining 5.3 million jobs. These numbers reflect our unwavering commitment to advancing equity and opportunity in underserved communities. Here’s to 30 years of transformative community development and the bright future ahead! Learn about the more recent CDFI Revolution here - https://lnkd.in/euqwuXMy #CommunityDevelopment #CDFI #EconomicGrowth #EquitableInvestment

Why Housing Stability is Key to Student Success - And How NJCC is Leading the Charge: Housing insecurity isn't just about lacking a roof over your head—it’s the constant struggle of finding stable, affordable housing while trying to focus on school. It’s a growing crisis, especially for students at historically Black colleges and universities (HBCUs), where more than half of the students face this challenge. If an institution is grappling with housing insecurity: ✅ Students are struggling with academic performance due to unstable housing. ✅ You see how affordable housing is crucial for student retention and success. ✅ You recognize that secure housing can positively impact students' mental health and graduation rates. Learn more about college housing insecurities and what NJCC is doing to help - https://lnkd.in/ec3j-vhn #communitysupport #collegelife #affordablehousing #academicsuccess

Dreams fuel progress, especially when it comes to owning a home or starting a business. NJCC is here to champion those dreams, providing the support needed to make them a reality. We offer the capital and guidance that turn ambitious visions into tangible achievements. Whether you're stepping into your first home or launching your dream business, we're by your side. Our mission is to ensure that every dreamer has a chance to succeed, regardless of their start point. Check out the Success Stories on the website to see how we're helping New Jersey's dreamers achieve their goals at https://lnkd.in/ee3V5Y-F #transformingcommunities #communitysupport #communitysuccess #affordablehousing #financialassistance #financialfreedom #creditbuilding #homeownership #firsttimehomebuyers #financialsupport

What is resilience in small business owners? Resilience is about adapting and growing in the face of challenges, especially when the odds seem stacked against you. It’s what sets businesses like B.A.M. Electrical apart from the rest. If your business resilience is strong: ✅ You overcome obstacles even in an unlikely industry. ✅ You create opportunities for yourself and others, regardless of background. ✅ You stay focused on long-term growth, no matter how many doors close. ✅ You find the right partners, like NJCC, who support your vision and help you secure the funding you need to grow. If any of this feels out of reach, it’s time to build resilience into your strategy. Because when your resilience is on point, you can hire your first team, take on bigger contracts, and lead your business to new heights — just like Melissa Blair did with NJCC's financial support. What comes after resilience? 🔥 Expanding into more projects and contracts. 🔥 Building a team that reflects your values and work ethic. And of course, creating impact that shows others they can succeed too! This is exactly the path B.A.M. Electrical took with NJCC's help, growing through every challenge! Want to learn more about how NJCC can support your small business venture? Visit https://lnkd.in/ee3V5Y-F #smallbizsupport #smallbusinessowner #communitydevelopment