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Neighborhood RevitalizationTax Credit Program:

A Celebration of Lasting Change

The Origins of NRTC

• Designed by the Network, authorized by the NJ Legislature in 2002, and operated by the Department of Community Affairs (DCA)

• The nation’s 1st funding program that intentionally links highly participatory and resident-led planning efforts to the comprehensive revitalization of low-income neighborhoods

• Business entities are granted a 100 percent tax credit against various state taxes

Released in December 2012

Supplement to2012 report released April 2014

Newly released for 2017

Camden Lutheran HousingNorth Camden Block Supporter Initiative began in 2016 is a community-driven initiative with 12 local residents on staff part-time and hundreds of volunteers involved with clean-ups, beautification events, vacant lot stabilization, and community meetings/celebrations.

Camden Lutheran HousingWhen North Camden residents become Block Supporters, they commit to doing their part by keeping the front of their properties clean and clear of trash and debris. The initiative supports their efforts by assisting with community clean-ups; hosting “install events” with complimentary window boxes, flowers, decorative flags, and tree trunk solar lights; and helping address issues of physical blight (i.e.: vacant lots and houses)

Elizabeth Development CorporationParkers View in Midtown Elizabeth began in February 2016 & involves the substantial rehabilitation of a 60-unit building. Built in the 1950’s, the building had fallen into disrepair and crime until Community Investment Strategies purchased the property in 2009.

Elizabeth Development CorporationParker’s View, when complete, will provide a mix of 1, 2, & 3 bedroom units for low income families. Each fully modernized with new HVAC system, new plumbing, roof, new common areas, new elevator system, key fob entry, security cameras, etc.

As of October 31, 2017 this project is 86% completed. Estimated completion date is May 31, 2018.

Garden State Episcopal Community Development Corporation

The Monticello in Jersey City went from vibrant property to vacant space. That changed in 2009 when GSECDC decided it was time for the first new construction on Monticello Avenue in 20 years.

Garden State Episcopal Community Development Corporation

Completed in 2011, the Monticello is an LEED certified, mixed used property with 2000 sq ft of commercial space & 7 residential units. It was designed to replicate original structures to preserve historical character of shopping district.

Holly City Development Corporation

The Creative Enterprise Center is a multi-use facility that marries the themes of arts/creative business development, and entrepreneurship. The Center includes offices, work spaces, meeting space, and a training area/classroom.

Holly City Development CorporationDesigned as a co-working space for small business development and creative placemaking, the recently opened Center, also known as 14 East, will serve as an anchor in the further development of the creative business sector and as an attractor for additional already established creative businesses and/or artists.

Interfaith NeighborsThe Kula Urban Farm was opened on Atkins Avenue in Asbury Park in 2014 as an extension of the Kula Cafe program. The farm is a social enterprise providing on site job training, educational programs and free fresh produce to those in need. It also offers local residents short-term temporary employment.

Interfaith Neighbors

Once the site of an abandoned motel, the Kula Urban Farm is now a year round state of the art greenhouse with hydroponic growing towers and micro-green production.

Isles, Inc.Stockton Street Apartments are a failed scattered site LIHTC project that had been abandoned for nearly a decade. NRTC subsidy attracted a private developer to collaborate with Isles on the project; developer owns and manages the project.

Isles, Inc.11 buildings have been rehabbed as 28 affordable apartments and a coffee shop. Stockton Street Apartments and Isles’ other NRTC-funded work have set the stage for large-scale, catalytic projects currently underway or planned, and for the development of Trenton’s first arts and culture district – the Creek to Canal Creative District

Jewish Renaissance FoundationBudapest Neighborhood Playground

Children drawings from the Budapest neighborhood were turned into a new playground on August 24th 2013. The play space was built at Francis Street Park with the help of more than 200 volunteers from the Jewish Renaissance Foundation, ForestersTM, the City of Perth Amboy and non-profit KaBOOM! and will serve more than 18,500 children and their families.

Jewish Renaissance FoundationBudapest Neighborhood Playground

The playground features many fun components for children (including several designed specifically for children with special needs): Slither Slide, Swings and Inclined Cliff Hanger. Phase 2 of the Francis Park revitalization project has been completed. The existing basketball court has been resurfaced and new basketball court equipment has been installed.

La Casa de Don Pedro

NRTC funds were used to retrofit La Casa’s 39 Broadway

community center to better serve the changing needs of the

community by offering additional programming. This included

installing a playground for the newly renovated Early Childhood

Center, landscaping, and parking.

La Casa de Don Pedro

The 1,000 people who walk through the doors at 39 Broadway each month experience a vastly more pleasant experience. The former credit union space on the first floor has been converted into a meeting room that serves staff members, holds community meetings, and is regularly utilized for ‘pop-up’ art exhibitions.

NJ Community Development Corporation

Park Corner Plaza is a $4M mixed-used development project in Paterson containing 11 new units of affordable housing and 2,800 square feet of ground-floor retail space. It replaces an abandoned, fire-damaged building at the I-80 entrance into Paterson and serves as a gateway to Paterson’s Great Falls National Historic Park.

NJ Community Development Corporation

$1.57M in NRTC funding over a period of 3 years helped NJCDC attract an

additional $1.35 million in private investment from PNC Bank & TD Bank for the project. A final $1.5M in funding

came from the City of Paterson’s HOME funds.

Parkside Business & Community in Partnership

Parkside Learning Garden along the Haddon Avenue commercial corridor provides a central location for residents to gather, learn, organize and teach one another about food system-related activities. It has been operational since May 2015.

Parkside Business & Community in Partnership

The Learning Garden serves 3 key roles: 1)create new economic opportunities for residents interested in urban agriculture as a source of income; 2)increase access and knowledge in fresh produce and food nutrition; and 3)support a design component that will become a gateway to PBCIP’s other sustainability initiatives featuring exhibits, activities, and accessibility along Haddon Avenue corridor.

Paterson Habitat for Humanity

Home Safe Home began in March 2016 with an anticipated end date of January 2018. The project includes the demolition of 2 abandoned/blighted structures, the construction of 2 new homes, and the rehabilitation of 3 existing homes.

Paterson Habitat for Humanity

Paterson Habitat will also partner with the Paterson Police Department

to install a series of 15 cameras on key blocks in the neighborhood that

will then be integrated into the existing Police network.

Unity SquareOfficially opens in June 2014, the Unity Square Community Center is a partnership with the City of New Brunswick that transformed a historic, decommissioned fire house into a thriving community center. Nearly $1M in investment through NRTC helped make the project possible.

Unity Square

The community center hosts over 200 events and activities each year:

English as a Second Language classes; STEM-focused youth

programs; community meetings on various issues; and social and

cultural events. It functions as the physical anchor of the neighborhood revitalization efforts in Unity Square,

and the social and community organizing hub of the Unity Square

community.

Urban League of Essex CountyFairmount Neighborhood Advancement I began in March 2014 & was completed on July 31, 2017. The project includes 4 affordable single-family homes and a total transformation of a deteriorated block and crime hot spot.

Work included improvements to landscaping, façade repairs, and new yard lights to foster a new pride of ownership by residents and visitors on the block.

Urban League of Essex CountyThe Fairmount Neighborhood Advancement I also incorporated:• A housing counseling program serving 387 clients• A job training program which included construction trades

skills development, working with New Community Corporation to train formerly incarcerated young men.

• A retail sales and training facility positioned to generate employment opportunities for local residents

WomenRisingWomenRising's Transportation, Distribution & Logistics Training Program is in partnership with New Jersey City University’s Logistics Center. The program has life skills & job readiness components.

WomenRisingThrough the Transportation, Distribution & Logistics Training Program, 120 men & women have trained to be certified in OSHA & forklift operation. WomenRisinghas also hosted job fairs for program participants and have a 70% job placement rate.

NRTC: A Proven Economic ToolSince NRTC’s inception:• 29 organizations have had approved plans; there are 43

active projects• Over $166M in additional public & private investment has

been leveraged• $98 million has been invested between 43 business entities• Over $3.9M in property taxes has been generated• 167 vacant and abandoned properties have been put back on

local tax roles• 470,798 square feet of commercial space has been

developed• 32 unsafe properties have been demolished• 38 new businesses have been created

NRTC: Engaging CommunitiesThe 53 completed projects since NRTC’s inception have:• Engaged 4,672 people & 224 partners• Served 3,392 youths• Created 9 urban farms• Created 7 schools• Created 49 gardens/parks