FOR IMMEDIATE RELEASE: Monday, May 1, 2017


Grant Totaling $930,920 Helps Nonprofit Revitalize Greenville Neighborhood in Jersey City 

Hudson County, NJNew Jersey Department of Community Affairs (DCA) Commissioner Charles A. Richman today announced a $930,920 grant award through the Neighborhood Revitalization Tax Credit (NRTC) program to Garden State Episcopal Community Development Corporation located in Jersey City. The NRTC program is administered by the Division of Housing and Community Resources and allocates corporate funding for implementing neighborhood revitalization plans to community-based nonprofit groups. 

Corporations that fund the program receive a 100 percent tax credit against various state taxes for their investments in revitalizing low-and moderate-income neighborhoods in eligible cities. Funds were contributed by Dixon Advisory USA, JPMorgan Chase Bank, M&T Bank and Sealy Mattress.

Garden State Episcopal Community Development Corporation will use a portion of the funding to improve the Greenville section of Jersey City by acquiring and developing five two-family homes that will provide affordable housing for moderate-income first-time homebuyers.  The grant will also support afterschool programs and services by providing academic support, team building activities, and musical programming. Local high school students will also be hired and trained to work as tutors and mentors.

Other communities that have benefited from the NRTC program this year include, Salem, Orange, Camden, Paterson, Trenton, Elizabeth and New Brunswick.

Garden State Episcopal Community Development Corporation creates healthy neighborhoods through community development initiatives that cultivate the resources of residents, businesses, government and the faith-based community by serving those most vulnerable. Garden State Episcopal CDC has had an approved NRTC plan since 2013. An approved NRTC plan has been in place for the Greenville neighborhood since 2013. More information on Garden State Episcopal Community Development Corporation can be found at

NRTC funds must be used by their recipients in accordance with the following requirements:  at least 60 percent for housing and/or economic development activities (including construction and rehabilitation of housing units, creation of commercial facilities, assistance to small businesses, employment training and child care provision); and the remainder (not exceeding 40 percent) for supportive services and other activities that are complementary to neighborhood revitalization (including infrastructure and open space improvements, providing social and community services, recreation activities, crime prevention activities and community outreach activities).

The Division of Housing and Community Resources strengthens and revitalizes communities through the delivery of affordable housing, supportive services and the provision of financial and technical assistance to communities, local government and community based organizations. For more information on the Neighborhood Revitalization Tax Credit program, visit,

Tammori Petty
or Emike Omogbai
(609) 292-6055