New Jersey Community Capital

What New Jersey Community Capital does

New Jersey Community Capital (NJCC), legally Community Loan Fund of New Jersey, Inc., is a 501(c)(3) nonprofit community development financial institution (CDFI) founded in 1987 and headquartered at 100 Albany Street, Suite 250, New Brunswick, New Jersey. It is the largest CDFI in New Jersey, holding approximately $700 million in assets under management and having deployed more than $914 million in loans and investments to leverage over $2.5 billion in total development costs across underserved communities. NJCC serves four primary customer segments — underserved low- and moderate-income residents, mission-driven nonprofits and community developers, small businesses in distressed markets, and charter schools and community health facilities — through a portfolio of programs including NJCC Lending (acquisition, construction, leasehold improvements, predevelopment, rehabilitation, working capital, and bridge loans), the affordable homeownership initiative Address Yourself™ and the Keys to Home New Jersey collaborative website, the THRIVE South Jersey economic-development program, the ReStart foreclosure-prevention program, and a federal New Markets Tax Credit (NMTC) allocation program.

NJCC's business model is a hybrid of usage-based interest and fee income on mission-driven loans, grant revenue from federal (U.S. Treasury CDFI Fund, HUD), state, NeighborWorks America, and philanthropic funders, allocation fees from NMTC transactions, brokerage commissions through its CAPC subsidiary, and recurring capital from community investment notes sold to individual and institutional impact investors. Real estate development, property management, asset management, mortgage acquisition, and brokerage are executed through Community Asset Preservation Corporation (CAPC), a wholly owned subsidiary that is the largest affordable housing development company in New Jersey with 600+ units and 500,000 square feet of commercial assets, plus a separate 501(c)(3) affiliate, Community Lending Partners of New Jersey, Inc.

The technology stack is described as standard nonprofit-CDFI infrastructure — commercially prepared loan servicing and portfolio management software, a cloud-hosted website, and in-house IT/cybersecurity — with a custom-branded Address Yourself™ homeownership enrollment workflow, an integrated lending/CAPC impact data infrastructure, and the Keys to Home NJ collaborative online resource hub. Distribution is relationship-driven: loans are originated through a Loan Inquiry form and direct outreach by the Lending team, down-payment assistance is delivered via approved mortgage lenders, and customer acquisition is amplified through cross-sector partnerships with NeighborWorks America, Wells Fargo, East Trenton Collaborative, South Ward Children's Alliance, and other community-based organizations. Geographic reach is anchored in New Jersey with active operations in New York and Florida and a recent national expansion into California, and NJCC is governed by a board drawn from JPMorgan Chase, BlackRock, Wells Fargo, Rutgers, McGuireWoods, Campbell's, and other institutional partners.

Name

New Jersey Community Capital

Legal name

Community Loan Fund of New Jersey, Inc.

Website

https://newjerseycommunitycapital.org

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

11–50 employees

Short description

New Jersey Community Capital is a nonprofit CDFI founded in 1987 that delivers flexible lending, affordable housing development, and community programs to underserved communities across New Jersey, New York, Florida, and California, managing approximately $700 million in assets.

Ownership category

akta.pro rank

Product category

Community Development Financial Services

NAICS

Real Estate Credit (522292)

SIC

Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Microloans & Working Capital Loans (FSAKAGAA)

akta.pro secondary industry

Community Centers & Neighborhood Support Services (BPAGAEAL)

Keywords

• Community development lending
• Affordable housing finance
• Down payment assistance
• CDFI loan programs
• Real estate development

Headquarters

HQ city

New Brunswick

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Community Investment Notes / Loan Fund Capital: Tailored New Jersey Community Capital community investment notes offered to individual and institutional investors with varied terms and interest rates; for over 30 years the loan fund has maintained a 100% rate of repayment for all investments received.
2. Mission-Driven Lending: Flexible financing products to nonprofits and mission-driven entities across affordable housing, community/commercial real estate, economic development, education, and early child care, including acquisition/construction, leasehold improvements, predevelopment, rehabilitation, working capital, and bridge loans, generating interest income and fees.
3. Federal, State, and Foundation Grants: Non-dilutive grant revenue from US Treasury CDFI programs (e.g., $33M bond, $4.96M CDFI Equitable Recovery grant), HUD, NeighborWorks America, and other government and philanthropic funders supporting lending capacity and program operations.
4. Real Estate Development, Property Management & Brokerage (CAPC): Rental and for-sale affordable housing development, property management, asset management, mortgage acquisition, and CAPC brokerage services across New Jersey, New York, and Florida, including a real estate brokerage facilitating approximately $15 million in real estate transactions annually.
5. New Markets Tax Credit (NMTC) Allocation & Tax Credit-Based Financing: Allocation of New Markets Tax Credits and structuring of complex tax-credit-financed transactions (including historic NMTC allocation to The Hip Hop Museum in the Bronx) generating fee income and investment returns.
6. Strategic Community Consulting: Knowledge-based advisory services supporting community development initiatives in underserved markets, leveraging NJCC's CDFI expertise, as referenced in the four business lines led by the CEO.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

New Jersey Community Capital provides mission-driven lending, affordable housing real estate development (via subsidiary CAPC), down payment and closing cost assistance, homebuyer education, and community investment notes. Its customers are underserved New Jersey communities, nonprofit developers, charter schools, small businesses, and impact investors.

Product overview

New Jersey Community Capital (NJCC) is New Jersey's largest nonprofit community development financial institution (CDFI), operating a multi-program service portfolio rather than a single unified software product. Its core service is NJCC Lending — flexible, hands-on financing (acquisition, construction, leasehold improvements, predevelopment, rehabilitation, working capital, and bridge loans) — delivered alongside four current programs: the affordable homeownership initiative Address Yourself™ (which includes Keys to Home New Jersey as its collaborative first-time homebuyer website), the THRIVE South Jersey regional economic development initiative, the ReStart home foreclosure prevention and preservation program, and the federal New Markets Tax Credits (NMTC) Program. Real estate development, property management, brokerage, and asset management are executed through its wholly owned subsidiary Community Asset Preservation Corporation (CAPC), with separate disaster recovery (REBUILD New Jersey) and emergency (Trenton Small Business Emergency Loan Program, Garden State Relief Fund) lending offerings layered on top. Together these programs, subsidiaries, and lending products form an integrated community development platform that has deployed more than $914 million in loans and investments across underserved communities in New Jersey and beyond.

Differentiator

Problem solved

Functional benefit

Brands

• Address Yourself™: An affordable homeownership program providing down payment assistance, pre-purchase housing counseling, and financial education for low-to-moderate-income individuals and families in New Jersey.
• THRIVE South Jersey
• ReStart
• New Markets Tax Credits Program (NJCC)
• Community Asset Preservation Corporation (CAPC)
• REBUILD New Jersey
• Keys to Home New Jersey

Products and services

• Community Development Lending Mission-driven loan capital provided to nonprofit developers, charter schools, small businesses, community facilities, and affordable housing sponsors across New Jersey.
• Address Yourself Down Payment Assistance Down payment and closing cost assistance program for income-eligible homebuyers purchasing homes in New Jersey.
• Keys to Home New Jersey Statewide homeownership program providing financial assistance and pathways for first-time and low- and moderate-income New Jersey homebuyers.
• THRIVE South Jersey Targeted community development initiative providing lending and investment capital to support economic resilience and revitalization in South Jersey communities.
• ReStart Loan Program Specialized lending product supporting borrowers seeking to restart or rebuild after financial hardship, including credit recovery.
• New Markets Tax Credits Program Federal New Markets Tax Credits allocation and deployment program that finances community development projects in low-income New Jersey census tracts.
• Community Asset Preservation Corporation (CAPC) Real Estate Development and Property Management Affiliate subsidiary providing affordable housing real estate development, construction, and property management services.
• REBUILD New Jersey Disaster recovery lending and recovery assistance program supporting New Jersey communities affected by storms and other disasters.
• Community Investment Notes Debt-style impact investment notes sold to individuals and institutions whose proceeds are used to fund NJCC's community lending activities.

Quantifiable outcome

• $760M+ in loans and investments since 1987; $2.5B+ leveraged; 120,000+ people served
• +4 more outcomes

Named customers16 records

Segments8 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

15 partnerships are on record, tiered core and minor.

• New Jersey Citizen Action Education FundcoreGTM or Marketing Partner · 1 June 2026Collaborative partner on the Keys to Home NJ website (launched June 2026), contributing subject matter expertise and targeted resources for first-time homebuyers statewide.
• Urban League of Essex CountycoreGTM or Marketing Partner · 1 June 2026Collaborative partner on the Keys to Home NJ website (launched June 2026), contributing subject matter expertise and resources for first-time homebuyers.
• Invest NewarkcoreGTM or Marketing Partner · 1 June 2026Collaborative partner on the Keys to Home NJ website; NJCC's CEO Bernel Hall previously served as President and CEO of Invest Newark.
• Newark Housing AuthoritycoreGTM or Marketing Partner · 1 June 2026Collaborative partner on the Keys to Home NJ website, contributing subject matter expertise on housing access and resources for first-time homebuyers.
• NeighborWorks AmericacoreStrategic or Co-development Partner · 1 April 2026National NeighborWorks network partner and grantor. NJCC received a $509,000 Flexible Impact Grant (NFIG) from NeighborWorks America as part of $78.8M distributed to 245 organizations in FY25, supported by a U.S. Congressional allocation. NJCC also co-delivers the NeighborhoodLIFT® Program with NeighborWorks and Wells Fargo for down payment assistance in Essex County.
• PrimestorcoreStrategic or Co-development Partner · 1 March 2026Developer partner on The Walk, a mixed-use project in Norwalk, California. NJCC invested $10 million in the development, which includes residential, retail, and civic spaces, on-site solar, jobs, and affordable housing. Represents NJCC's national expansion into Southern California.
• KPMGminorOthers · 1 May 2024Trademark sponsor of NJCC's 35th Anniversary and Spring Celebration held May 1, 2024 at Hyatt Regency New Brunswick.
• Essex Community Land Trust (ECLT)minorStrategic or Co-development Partner · 1 July 2023Co-managed the Essex County affordable housing project alongside CAPC to develop 10 permanent affordable housing units in Essex County, NJ.
• City of TrentoncoreStrategic or Co-development Partner · 1 January 2020Co-launching partner of the Trenton Small Business Emergency Loan Program with NJCC and Greater Trenton, providing low-cost loans to Trenton businesses affected by COVID-19 (e.g., $20,000 loan to 1911 Smoke House Barbeque).
• Greater TrentoncoreStrategic or Co-development Partner · 1 January 2020Co-launching partner of the Trenton Small Business Emergency Loan Program with NJCC and the City of Trenton, providing low-cost loans to Trenton businesses affected by COVID-19.
• Community Asset Preservation Corporation (CAPC)coreStrategic or Co-development PartnerWholly owned subsidiary of NJCC and largest affordable housing development company in New Jersey (600+ units, 500,000 sq ft commercial assets). Manages acquisition, rehabilitation, property management, asset management, mortgage acquisition, mortgage modification, and brokerage across NJ, NY, and FL. Co-leads programs such as the East Trenton Collaborative and Family Village.
• South Ward Children's Alliance (SWCA)coreStrategic or Co-development PartnerCo-led the Family Village initiative with NJCC and CAPC, deploying nearly $16M in capital to rehabilitate 50+ abandoned properties into 100+ safe, healthy affordable homes in Newark's South Ward.
• TD+PartnersminorStrategic or Co-development PartnerDeveloper partner on the Second Street Youth Center project in Plainfield, NJ; co-developed the new 25,000 sq ft early childhood education and community center financed by NJCC's $8.8M NMTC allocation.
• RWJBarnabas HealthminorStrategic or Co-development PartnerPartner on comprehensive healthy homes and community health initiatives informing NJCC's affordable housing and community health lending.
• East Trenton Collaborative (ETC)coreStrategic or Co-development PartnerAffiliate of NJCC providing community-based grants for housing, environmental concerns, and other local needs in East Trenton; worked with UrbanPromise Trenton and Habitat for Humanity on COVID-19 food insecurity response.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Reinvestment Fund: Reinvestment Fund is a Philadelphia-based CDFI that, like NJCC, deploys flexible capital, New Markets Tax Credits, and real estate financing for affordable housing, education, and community development in the Mid-Atlantic — directly comparable mission, capital stack, and customer base.
• Local Initiatives Support Corporation (LISC): LISC is one of the largest national CDFIs, providing loans, NMTC, and technical assistance for affordable housing and community development — overlapping with NJCC's four business lines and serving similar nonprofit and community-anchored borrowers.
• Capital Impact Partners: Capital Impact Partners is a national CDFI providing lending and real estate development capital to underserved communities, including affordable housing and community health facilities — closely matching NJCC's lending-plus-real estate integrated model.
• Low Income Investment Fund (LIIF): LIIF is a national CDFI focused on lending for affordable housing, education, and community facilities in low-income communities — directly comparable to NJCC's mission-driven lending and will be a key direct competitor in NJCC's California expansion.
• Coastal Enterprises Inc (CEI): CEI is a Maine-based CDFI providing business loans, real estate development, and policy advocacy for underserved communities — a mission-aligned, regionally-rooted CDFI with a comparable integrated lending and subsidiary structure.
• BlueHub Capital: BlueHub Capital (formerly Boston Community Capital) is a CDFI providing flexible loans, NMTC, and community real estate financing in underserved markets — a direct peer in capital deployment model and target borrower profile.

Broad incumbents

• Enterprise Community Partners: Enterprise is a national CDFI and housing-focused nonprofit that deploys debt, equity, and tax credit capital into affordable housing — a broader incumbent that competes with NJCC for NMTC allocations, charter school lending, and large multi-state projects like The Walk in Norwalk, CA.

Others

• Housing Partnership Network (HPN): HPN is a peer CDFI network in which NJCC is a member, providing collective lending capacity, shared equity investments, and policy advocacy — an OTHERS-category ecosystem partner rather than direct competitor.
• Opportunity Finance Network (OFN): OFN is the national CDFI industry association in which NJCC participates, providing industry research, training, and policy advocacy — an ecosystem support organization rather than a direct peer.

Emerging players

• Leviticus 25:23 Alternative Fund: Leviticus 25:23 is a smaller CDFI focused on affordable housing and supportive housing lending in the Northeast — an emerging peer with overlapping mission, comparable customer profile, and somewhat smaller scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/new-jersey-community-capital
• Xx.com/njclf
• Facebookfacebook.com/newjerseycommunitycapital

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries2 records

Funding overview

Funding rounds7 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about New Jersey Community Capital