New Brunswick-based New Jersey Community Capital (NJCC) has been awarded a $509,000 NeighborWorks Flexible Impact Grant (NFIG) to accelerate the development and preservation of affordable housing across the Garden State.
The funding is part of a massive $78.8 million national allocation from NeighborWorks® America, a Congressionally chartered nonprofit. NJCC is one of 245 organizations within the network to receive a portion of the federal funds, which are designed to empower local leaders to address the unique economic and housing challenges of their specific regions.
Unlike highly restrictive grants, the NFIG provides “flexible, core operating support.” This allows NJCC to pivot resources quickly in response to New Jersey’s rapidly shifting real estate market. The organization plans to utilize the $509,000 to:
- Boost First-Time Homeownership: Expanding programs that help residents navigate the path to stability.
- Preserve Existing Neighborhoods: Investing in the rehabilitation of aging housing stock to prevent displacement.
- Increase Supply: Supporting the construction of new, sustainable affordable housing units.
“NeighborWorks’ approach and stewardship enable organizations to act, respond to shifting market conditions, and bring housing solutions to the communities they serve,” Bernel Hall, president and CEO of NJCC said. “Preservation and construction of affordable housing are central to our mission.”
NeighborWorks America acts as a force multiplier for federal investment. In Fiscal Year 2025, for every dollar received from Congress, the organization and its network attracted an additional $74 in investment from other sources.
“These grants are designed for impact,” NeighborWorks America President & CEO Marietta Rodriguez said. “They provide flexible funding that organizations can put to work, whether that means building homes, preserving housing, or supporting families on their path to stability.”
